Charges of heavy-handed tactics have surfaced in a fight over the cash raised in the sale of Fisker Automotive Inc., a failed maker of luxury hybrid autos, Dow Jones Daily Bankruptcy Review reported today. Fisker filed for chapter 11 protection last year and was put up for auction after a struggle between unsecured creditors and a company controlled by Hong Kong billionaire Richard Li, who was poised to seize the car maker. The dispute comes in the wake of an auction where China's Wanxiang Group outbid Li's takeover company, Hybrid Tech. Now the fight is over the sale proceeds, with unsecured creditors challenging Hybrid Tech's claim to the cash from the $149.2 million sale.
