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galvanic hauling company Harbinger has file away anobjectionto the sale of Canoo ’s assets to its CEO , potentially throw a spanner intothe two - calendar month - quondam failure event .
Harbinger ’s objection , charge later Friday , accuses Canoo of hiding certain assets from the cut-rate sale process , including whatthe inauguration purchased from another belly-up EV company , Arrival . It also accuses Canoo of listing plus that Harbinger trust the startup did not actually own ( though it did not assign which ones ) . Harbinger said it came to this determination after it considered grease one’s palms the assets and gained access to the virtual data point room for potential bidders .
What ’s more , Harbinger say the sale process has so far “ unfairly favor Mr. Aquila , ” concern to Canoo ’s CEO Anthony Aquila , who reached an arrangement to buy the assetsin early March . Harbinger claims the bankruptcy trustee accepted Aquila ’s pass without widely marketing the sales agreement of the plus or obtaining an appraisal .
The expostulation is the latest twist in the rough kinship between Harbinger and Canoo . Harbinger was created by a handful offormer Canoo employeesin 2021 . Canoo sued Harbinger in late 2022 , alleging that those employeesabsconded with craft secrets .
That trade secret type was still dynamic when Canoo file for failure in January . In fact , one of the things Aquila is purchase along with the assets is an pastime in any settlement Harbinger may wind up paying to Canoo .
One special clause of the purchase agreement states that Aquila and the trustee have effective favorable reception over any settlement in the Harbinger case . Harbinger argues this could break the Department of Justice ’s enchiridion for Chapter 7 regent .
The trustee in the guinea pig , Jeoffrey Burtch , and a attorney for Canoo did not immediately respond to a asking for comment . lawyer stand for Aquila and Harbinger declined to remark .
