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...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
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