After going bankrupt, Calif.-founded EV maker to dump assets for cheap
April 3, 2025 – Media MentionSFGate
Bankruptcy & Corporate Partner Jonathan Shenson spoke to SFGate about the controversy around electric vehicle maker Canoo's liquidation.
Excerpt:
It’s not unheard of for an insider to buy up assets in a Chapter 7 proceeding, Jonathan Shenson, a bankruptcy lawyer at Los Angeles’ Greenberg Glusker LLP, told SFGATE on the phone. But such deals can appear to have an “air of impropriety,” he said, and are thus “subject to higher scrutiny” from judges and creditors.
