Electric vehicle (EV) manufacturer Fisker Inc. is under investigation by the U.S. Securities and Exchange Commission (SEC) and faces formal objections from the U.S. Department of Justice (DOJ) over its Chapter 11 bankruptcy proceedings. The company filed for bankruptcy earlier this year after halting production in March.
Recent filings in the U.S. Bankruptcy Court for the District of Delaware indicate that these legal challenges could affect Fisker’s restructuring and liquidation plans.
The SEC initiated a probe into Fisker’s activities before its bankruptcy filing in June, focusing on potential violations of federal securities laws, according to court records….