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Intellectual Property Law

: The Trade Secrets Vault

Tesla vs Fisker: The Epilogue (Or, Why Tesla Owes Fisker $1.1 Million)

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By Carlos Lago Motortrend After Quantum and Fisker announced they had received proper funding in late October and would proceed with the Detroit Auto Show project, Tesla cancelled its contract under CEO Elon Musk's direction. On April 14, 2008, Tesla filed suit against Fisker, alleging fraud, breach of contract violation of the Uniform Trade Secrets Act, and unfair competition. Fisker and Tesla then entered arbitration. Tesla now owes Fisker a whopping $1,144,385.03 for attorneys' fees and costs. To read the complete article, please click here.

Full post as published by The Trade Secrets Vault on December 06, 2008 (boomark / email).

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