Remember the lawsuit filed by Tesla against Fisker? Well, the arbitrator has decided the "evidence is overwhelming that Fisker did nothing wrong" and the "Tesla's assetion of violations of the Uniform Trade Secrets Act by Fisker were baseless and neither brought nor pursued in good faith."
I'm not a lawyer, but that sounds pretty straightforward to me.
In case you don't remember what the lawsuit was all about:
Tesla claimed in their lawsuit Fisker "used fraud and deceit to gain access to and exploit Tesla's highly confidential and proprietary information and trade secrets in order to develop a competing electric-hybrid sports sedan."Fisker was, of course, very happy with the results.
Fisker Automotive responded via press release to the lawsuit by Tesla saying they stole company secrets, and provided substandard design when putting together the styling of the Tesla White Star.
Tesla noted they had to reject the $800,000 design provided by Fisker.
"We are very pleased with the ruling in favor of Fisker Coachbuild, LLC, Fisker Automotive, Inc., Bernhard Koehler and myself," said Henrik Fisker, CEO of Fisker Automotive Inc. "Despite the burden and expense of Tesla's lawsuit, Fisker Automotive, Inc. has been able to continue with its business plan and production schedule. We are still on schedule to deliver our first production vehicle, the Fisker Karma plug-in hybrid, 4 door luxury sports sedan by 4th Quarter 2009. Today's world needs new alternative energy vehicles and the focus should be to build and deliver these vehicles as soon as possible."
But I also stick with what I said before. A lawsuit between these two companies benefits no one but the lawyers.
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