Fisker wins abritration case with Tesla
by Sebastian Blanco on Nov 3rd 2008 at 11:07AM 
This past April, the troubles between Henrik Fisker (of Fisker Automotive) and Tesla Motors resulted in a lawsuit. Tesla filed the suit against Fisker Automotive accusing Fisker of stealing insider information (he did some work on the design of the Tesla Whitestar/Model S sedan) for his own company. In May, Fisker asked that the suit be sent to arbitration and that happened in June. The arbitration court has now decided the case in Fisker's favor.
Fisker Automotive said the ruling "completely vindicates" Fisker. In a statement, one of Fisker's lawyers, Thomas Newmeyer, said, "The finding by the Arbitrator says it all. My clients have been completely vindicated of any wrongdoing." Tesla's Darryl Siry told AutoblogGreen that the only comment the company is the same one he gave Autoweek: "We disagree with the ruling, and we're focused on producing and shipping cars to our customers." They'll be able to do that $40 million in convertible debt financing announced today. More on that in a bit. Thanks to rs for the tip!
[Source: Autoweek]
Reader Comments (Page 1 of 1)
Serge 11:15AM (11/03/2008)
Moral of the story, don't get bogged down in the b.s. and focus on core competency and responsibility, which is "producing and shipping cars to our customers."
Glad this sad chapter is now closed.
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Ian 2:21PM (11/03/2008)
Now if only Fisker can get someone to buy that astoundingly ugly car.
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O. Emry 11:35AM (11/05/2008)
I guess this means imaginary car #2 prevails over imaginary car #1.
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Angel2 10:04PM (11/07/2008)
Wow O Emry, You are so out of touch with the real world! Telsla is now produceing 10 cars a week and have completed over 87 customer cars. If you get a chance to take a trip to Califorinia, check out their store or take a trip to their website and see these hot cars! This is so much more then imaginary! They are real,,,no vapors here!
O. Emry 10:42PM (11/07/2008)
The car in question is Tesla's follow-on car.