Judge Brendan Linehan Shannon has ruled against UK financier Charles Garson's attempt to undermine the asset sale of Canoo, the electric vehicle startup in bankruptcy. Garson's lack of standing and failure to meet deadlines for a formal bid led the judge to dismiss his request. The sale was challenged by Harbinger Motors, a competitor formed by ex-Canoo employees, but their objections were also denied. The case predominantly revolves around the fairness of the sale to Canoo's CEO, Anthony Aquila.
I think it would make sense here to allow a redo, so to speak, citing the sincerity and earnestness of his client.
We think it's pretty clear-cut in terms of the facts. There's no he said, she said.
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