Attorneys for the federal government and unsecured creditors have filed objections to electric car maker CODA Holdings' bankruptcy plans, the Associated Press reported on Friday. Court papers filed on Friday argue that CODA's bankruptcy financing and sale plans unfairly benefit a group of debtors seeking to acquire the company. Lenders led by a Fortress Investment Group affiliate are proposing a credit bid of $25 million to take over the company. Other objections filed Friday involve concerns about obligations of the new owners to adhere to federal environmental and vehicle safety laws, and proposed bonuses for top executives and directors at Los Angeles-based CODA.
