Fisker and Former Directors Prosecuted

The founder and former directors of Fisker Automotive face an action of Atlas Capital Management which invested in the brand’s funds.

The prosecutor claims that Fisker intently hid the issue with an unpaid government loan and 2011 safety recall while the company was struggling for funds. The investor’s representative said that if the real state of Fisker affairs were known, Atlas Capital Management would not have bought the funds or demanded to reduce the unreasonably high purchase prices.

The company now assesses its losses from the purchase in more than $2 million. The investor claims that Henrik Fisker went on with fundraising based on untrue reports.