A Delaware federal judge on Tuesday let stand common-law fraud claims in a securities fraud suit accusing Fisker Automotive Holdings Inc. executives of withholding important information regarding the state of the now-bankrupt hybrid car company's business.
February 08, 2017 at 02:41 PM
1 minute read
A Delaware federal judge on Tuesday let stand common-law fraud claims in a securities fraud suit accusing Fisker Automotive Holdings Inc. executives of withholding important information regarding the state of the now-bankrupt hybrid car company’s business.
The defendants had asked U.S. District Judge Sue. L. Robinson of the District of Delaware to dismiss the claims, arguing that they had warned investors “repeatedly and extensively” about the risks facing the company.
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