EV Truck Maker Harbinger accuses Canoo to hide assets in bankruptcy sale

Harbinger’s electric truck company has filed a objection For the sale of Canoo’s assets to his CEO, possibly throwing a key to the banking case of two months.

Harbinger’s objection, which was submitted late Friday, accuses Canoo of hiding some assets from the sale process, including what the start of another Burnow EV company has bought. He also accuses the canoo of assets that records that Harbinger believes that the start had not actually had (although he did not specify which). Harbinger said he came to this determination after examining the purchase of assets and gained access to the virtual data space for potential candidates.

In addition, Harbinger says the sale process has so far “unjustly favors Mr Aquila”, referring to CEO of Canoo Anthony Aquila, who reached an agreement on the purchase of assets in early March. Harbinger claims that the bankruptcy manager accepted Aquila’s bid without widely selling the sale of assets or achieving evaluation.

The objection is the last twist in the rocky relationship between Harbinger and Canoo. Harbinger was created by a handful of former Canoo employees in 2021. Canoo sued Harbinger at the end of 2022, claiming that these employees Corruption with commercial secrets.

This commercial secret case was still active when Canoo was filed for bankruptcy in January. In fact, one of the things Aquila buys along with assets is an interest in any settlement that the payment in Canoo can end.

A specific clause of the market agreement states that Aquila and the administrator have effective approval for any settlement in the Harbinger case. Harbinger argues that this could violate the Ministry of Justice’s manual for chapter 7 managers.

The administrator in the case, Jeoffrey Burtch and a Canoo lawyer did not respond immediately to commentary request. Lawyers representing Aquila and Harbinger refused to comment.