Fisker Lender Heights Capital Agrees to Settlement Talks

Fisker Inc. lender Heights Capital Management has agreed to hold settlement talks aimed at resolving unsecured creditors’ allegation that Heights unfairly profited from the failure of the electric vehicle maker.

• Fisker lawyer Brian Resnick said during a Monday bankruptcy hearing that Heights has agreed to settlement talks with the EV maker’s committee of unsecured creditors over the next three weeks
• If a deal isn’t reached, Fisker could convert its bankruptcy into a Chapter 7 liquidation, Resnick said
  • Fisker has said it intends to shut-down in Chapter 11 which, unlike Chapter 7, doesn’t require the bankruptcy court to appoint an outside ...