Harbinger has filed an objection against Canoo's asset sale to CEO Anthony Aquila, asserting that Canoo concealed certain assets from the sale, alleging a lack of fair marketing processes. Harbinger, formed by ex-Canoo employees, expressed concerns over Aquila's favorable position in the sale, which links to ongoing trade secret litigation. Their objection underscores potential conflicts of interest in the bankruptcy process, specifically regarding the oversight of the trustee and implications for legal settlements.
Harbinger accuses Canoo of hiding assets from the sale process, claiming it unfairly favored Canoo’s CEO, Anthony Aquila, in the bankruptcy case.
The purchase agreement between Aquila and the trustee gives them power over any potential settlement in the ongoing trade secret case with Harbinger.
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