Fisker Statement On Arbitration
Fisker Automotive Inc, and Fisker Coachbuild, LLC today announced that
a JAMS Arbitrator has issued an interim award finding in favor of
Fisker Coachbuild, LLC, Fisker Automotive, Inc., Henrik Fisker and
Bernhard Koehler and against Tesla Motors Inc. on all claims.
The Arbitrator selected by the parties to decide Tesla's allegations
ruled in favor of Fisker Coachbuild, LLC, Fisker Automotive Inc.,
Henrik Fisker and Bernhard Koehler. In so doing, the Arbitrator
expressly found that "the evidence is overwhelming that Fisker did
nothing wrong" and that "Tesla's assertion of violations of the Uniform
Trade Secrets Act by Fisker were baseless and neither brought nor
pursued in good faith."
"The finding by the Arbitrator says it all," said Thomas Newmeyer of
Newmeyer & Dillion, Fisker's lawyers in the case. "My clients have
been completely vindicated of any wrongdoing."
"We are very pleased with the ruling in favor of Fisker Coachbuild,
LLC, Fisker Automotive, Inc., Bernhard Koehler and myself," said Henrik
Fisker, CEO of Fisker Automotive Inc. "Despite the burden and expense
of Tesla's lawsuit, Fisker Automotive, Inc. has been able to continue
with its business plan and production schedule. We are still on
schedule to deliver our first production vehicle, the Fisker Karma
plug-in hybrid, 4 door luxury sports sedan by 4th Quarter 2009. Today's
world needs new alternative energy vehicles and the focus should be to
build and deliver these vehicles as soon as possible."
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