Fisker sued for misleading investors and making "materially false and misleading statements".

The Fiskerpocalypse continues

The fallout from the Fiskerpocalypse continues as Atlas Capital Management has filed a lawsuit against Henrik Fisker and the company's former directors.

According to the suit, Fisker misled investors by not revealing a safety recall and problems with a U.S. Department of Energy loan. The suit goes on to say Fisker made "materially false and misleading statements" while attempting to sway investors. In particular, Atlas says Fisker failed to disclose the recall of 239 Karmas until the day after a round of financing closed.

The plaintiff goes on to say had it known about the problems it "would not have purchased or otherwise acquired its Fisker securities, or, if it had purchased such securities, it would not have done so at the artificially inflated prices which it paid."

Source: Bloomberg Business Week