Fisker Says Former Employees' Claims Not Valid

Mon, 12/23/2013 - 11:47am
Randall Chase, AP Business Writer

DOVER, Del. (AP) — Bankrupt electric-vehicle maker Fisker Automotive says former employees who were abruptly laid off in April have no valid claims against the company.

Fisker attorneys asked a Delaware judge in court papers this week to consider the demands of 157 former employees as general unsecured claims with zero value.

The former employees, who filed a federal lawsuit in California alleging inadequate notice of the layoffs, claim they are owed about $3.8 million, with about half that amount entitled to priority over other creditors' claims.

Fisker attorneys want the judge to rule on their motion at a Jan. 3 hearing, when he is scheduled to consider approval of Fisker's proposed sale.

Fisker sought bankruptcy protection last month, three years after receiving a $529 million loan commitment from the Obama administration.


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