SEC, DOJ Raise Objections to EV Maker Fisker’s Bankruptcy Proceedings

SEC makes light of probe into pre-bankruptcy conduct as DOJ objects to company’s recall payment plans.

Fisker CEO Henrik Fisker unveils the Fisker Ocean during the 2021 LA Auto Show in Los Angeles on Nov. 17, 2021. Mike Blake/Reuters

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.