The mystery investor’s attempt to stop selling the Kiwi assets was brought down by the judge

The judge was banned in the Canoo’s bankruptcy case Attempt by a mysterious financier To disable the sale of EV startup assets.

On Tuesday’s session, Judge Brendan Linhan Shannon spent a UK -based man named Charles Garson, who lacks a request Sell ​​to Canoo CEO It is evacuated. While Garcon told the court that he was ready to pay up to $ 20 million for Canoo’s assets, he was absent from the deadline for this offer officially. Garcon never explained where he was specifying this money, causing the bankruptcy trustee to raise fears that the bid could be banned by the foreign investment committee in the United States.

The last remaining challenge to sell assets from Harbinger Motors, a commercial start -up company for electric trucks created by a handful of former Canoo employees. Harbinger objected to the sale before completing it in April. The judge denied Harbinger’s objection, but the company has resumed this decision since then.

Jason Angelo, Garcon’s lawyer, is framed his client’s attempt to disrupt the sale as “David type for Goliath”. Angelo tried the case during the hearing that Garcon’s talks with bankruptcy – who was submitted to the court under the seal – led him to believe that he had until the end of April to make the official character. He also repeated the allegations submitted in Garcon’s original file on the sale that is not fair because the assets eventually went to the CEO of Canoo Anthony Aquila.

Angelo said: “I think it will be logical here to allow a return, if it is permissible to speak,” citing his “sincerity and seriousness”. “I know this asking a lot, I do.”

Mark Filger, a lawyer who represents the bankruptcy, did not agree that there was little in the conflict and the negotiations were fair.

“We believe that he is somewhat clear in terms of facts. There is no he said, and he said to the judge.” Your honor, everything in emails, “she told the judge. I read it several times. Several times. I do not see any misunderstanding. I don’t see any deception. It was clear how we were going. He knew that there was a sale session of the ninth, and he chose not to provide anything. “

Regarding fairness of the sale, Filger said that the price was “they were concerned about this sale from within (to the CEO).”

“They are the ones who went up, rightly and negotiating us. We have gone back and forth ten times about this agreement.” Felger also repeated the guardians of the guardian, which was made in previous deposits and certificates, that the cost of maintaining Canoo assets – especially its batteries packages – cost a lot of money. He said that allowing the sales process to be withdrawn for a long time may destroy the value of the property.

Judge Shannon, after hearing arguments from Angelo, Filger, and a lawyer in Aquila, quickly ruled against Garcon. He said that the financier lacks standing to properly argue against his request to evacuate the sale, because he does not owe any money by Canoo and did not make an official offer before the deadline.

Shannon said: “I am sympathetic to the frustration of Mr. Garson from what I feel and I am satisfied is a real interest to make a superior offer and buy these assets.” “But it was a complex process run by the seventh chapter secretary, I do not think that Mr. Garcon has a complete dealing with the exact being of the process, and what is necessary for the full participation in this process.”

Shannon also indicated that the guardian was clarified from the beginning who was Aklala, and that his role as an executive president alone did not prevent him from buying the assets of his company.

“I came to the operation late and I was hoping that I would have the opportunity to participate and enter my cross. While the result was not what I was hoped, I respect the court’s decision and I want to extend our congratulations to Tony Aquila,” Garcon said in a statement to Texerch.

This story was updated with a statement from Charles Garcon.