-By Warner Todd Huston
Through President Obama’s loan guarantees, the American people gave hybrid car-maker Fisker Automotive millions of tax dollars, but now Fisker is on the verge of bankruptcy and is facing lawsuits from at least three different groups for not paying its bills.
In the first week of April, lawyers for Fisker’s laid off 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 $174K for April’s rent and if left unpaid has “five days” before eviction.
Now a third company 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.
Sources 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 in 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.
____________
“The only end of writing is to enable the reader better to enjoy life, or better to endure it.”
–Samuel Johnson
Warner Todd Huston is a Chicago based freelance writer. He has been writing opinion editorials and social criticism since early 2001 and before that he wrote articles on U.S. history for several small American magazines. His political columns are featured on many websites such as Andrew Breitbart’s BigGovernment.com, BigHollywood.com, and BigJournalism.com, as well as RightWingNews.com, RightPundits.com, CanadaFreePress.com, StoptheACLU.com, AmericanDaily.com, among many, many others. Mr. Huston is also endlessly amused that one of his articles formed the basis of an article in Germany’s Der Spiegel Magazine in 2008.
For a full bio, please CLICK HERE.