Through President Obama’s loan guarantees, the American people gave hybrid car-maker Fisker Automotive millions of tax dollars. Now Fisker is on the verge of bankruptcy, facing lawsuits from at least three different groups for not paying its bills.
In the first week of April, lawyers for Fisker’s former employees filed suit saying that the government supported company had fired workers without due notice as required by state and federal laws.
The law firm, Outten & Golden, won a similar lawsuit against green energy company Solyndra, another Obama-supported company that went bankrupt.
Not long after Outten & Golden filed its suit on behalf of the fired employees, the company that owns the property on which Fisker’s Anaheim, California headquarters sits also filed suit, warning the flailing car company that it must pay it’s April rent or vacate the premises.
The landlord, WWG Canyon Corporate Owner, says that Fisker owes $174,000 for April’s rent and if left unpaid has “five days” before eviction.
A third company, too, is suing Fisker claiming unpaid bills.
Website design company Ignited filed suit on April 12 claiming that Fisker owes $535K in unpaid bills for the design and maintenance of its website, fiskerautomotive.com.
Ignited says it provided Fisker with “creative services, advertising, web design, and creative and media buying services” but hasn’t been paid.
Source tell Reuters News Service that Fisker may file bankruptcy any day and that this decision is supported by Obama’s Department of Energy.
Fisker received approximately $200 million of the $529 million in federal loan guarantees awarded it in 2009 by the Obama administration. The hybrid car company has only $30 million cash on hand and owes the federal government a $10 million loan payment on April 22. With bankruptcy looming, it seems unlikely much of this will be paid.