Mystery investor’s attempt to stop Canoo asset sale shot down by judge

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The judge in Canoo’s bankruptcy case has blocked an attempt by a mysterious financier to disrupt the sale of the EV startup’s assets.

In a hearing Tuesday, Judge Brendan Linehan Shannon ruled the financier, a U.K.-based man named Charles Garson, lacked standing to request the sale to Canoo’s own CEO be vacated. While Garson had told the court he was willing to pay as much as $20 million for Canoo’s assets, he missed the deadline to formally submit that bid. Garson also never made it clear where he was sourcing that money from, causing the…



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Mystery investor’s attempt to stop Canoo asset sale shot down by judge


The judge in Canoo’s bankruptcy case has blocked an attempt by a mysterious financier to disrupt the sale of the EV startup’s assets.

In a hearing Tuesday, Judge Brendan Linehan Shannon ruled the financier, a U.K.-based man named Charles Garson, lacked standing to request the sale to Canoo’s own CEO be vacated. While Garson had told the court he was willing to pay as much as $20 million for Canoo’s assets, he missed the deadline to formally submit that bid. Garson also never made it clear where he was sourcing that money from, causing the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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