Fisker Arbitration Request Granted In Lawsuit With Tesla
Monday, June 16th, 2008
A few months ago Tesla sued Fisker Automotives for allegedly stealing information that was connected to the production of its upcoming plug-in electric sedan for the new Whitestar. They used the information to develop their series-hybrid called the Karma.
Yesterday, a judge ruled in favor of Fisker Automotive by allowing the case to go into arbitration outside the courtroom, which was apparently part of the original agreement between Tesla and Henrik Fisker in the first place. It appears that Tesla went outside that original agreement by bringing forth its lawsuit in the first place, though Tesla may have considered that contract void as the original lawsuit alleged that it was signed merely to gain access to confidential information.
Although the arbitration is to be handled outside of court, the judge has scheduled a management conference this August, perhaps to be sure that negotiations are moving along. This is good news for Fisker, which is currently working to get its Karma PHEV sedan to market by the fourth-quarter of 2009.
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