Fisker Automotive Holdings, Inc.  Bankruptcy New Filing Alert: Objection To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On December 27, 2013, an objection to the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Fisker Automotive Holdings, Inc.  and its affiliates. The filing was assigned docket number 236 and is described on the court’s official docket as follows:

Objection ZF North America, ZF Chassis Components, LLC (fka ZF Lemforder, LLC), ZF Chassis Systems, LLC and ZF Sachs’ Objection to Motion for Entry of: (I) an Order (A) Approving Form and Manner of Notices; (B) Scheduling a Sale Hearing and Establishing Dates and Deadlines Related Thereto; and (II) Motion for Order (A) Authorizing the Sale of Substantially All of the Debtors Assets Free and Clear of Liens, Claims, Encumbrances, and Other Interests, (B) Granting the Purchaser the Protections Afforded to a Good Faith Purchaser, and (C) Granting Related Relief (related document(s)[13], [62], [69]) Filed by ZF North America, ZF Chassis Components, LLC (fka ZF Lemforder, LLC), ZF Chassis Systems, LLC and ZF Sachs (Attachments: # (1) Exhibit Exhibit A # (2) Exhibit Exhibit B) (Edmonson, Jamie)

Fisker Automotive Holdings, Inc.  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 22, 2013. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 13-13087. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Kirkland & Ellis LLP is acting as lead bankruptcy counsel to Fisker Automotive Holdings, Inc.  in the bankruptcy case.

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