ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Hagens Berman: Law Firm with Historic Auto Litigation Practice Seeking Recovery for Fisker Owners Abandoned in Automaker’s Bankruptcy

Attorneys attempting to recover losses for certain owners of Fisker Ocean electric vehicles as consumers battle loss of vehicle function and safety issues

An esteemed law firm that’s been part of the largest automotive litigation in history is now seeking to recover losses on behalf of owners of Fisker Ocean electric vehicles amid the automaker’s bankruptcy wreaking havoc on its customers, according to attorneys at Hagens Berman.

The law firm has been retained by more than 800 owners of Fisker Ocean EVs reporting harrowing and frustrating experiences: car doors locking passengers inside the vehicle, software glitches that cause the car to suddenly go into park, hours on hold with service departments with no answer, a bricked $80,000 paperweight with only 2,000 miles on the odometer.

“Henrik Fisker has now bankrupted two companies, and owners of Fisker vehicles who paid upwards of $80,000 are now unjustly paying the consequences of bad business,” said Steve Berman, managing partner of Hagens Berman. “Fisker owners have reached out to our firm reporting serious safety issues, with some left unable to use their vehicles after only having driven 2,000 miles.”

Following Fisker’s bankruptcy filing in June 2024, the company reportedly shirked many of its responsibilities, leaving Fisker Ocean electric vehicles without safety and software maintenance and vehicle servicing and other necessary updates. Consumers also report Fisker fails to respond to phone calls and other communications regarding repairs, active recalls and warranty concerns.

According to Fisker customers, the automaker turned to aggressive pitches to meet sales quotas, offering some buyers low interest rates to move inventory. Many say these offers are what sealed the deal or kept them from cancelling their reserved Ocean EVs.

The Case on Behalf of Fisker Ocean Owners

Attorney Steve Berman says he’s unsurprised to see that Fisker’s bankruptcy filing appears to again leave Fisker owners holding the bags: “Left and right, Fisker customers have been abandoned with empty promises, and it appears that its bankruptcy filing is unsurprisingly staged to leave them high and dry, yet again,” Berman said. “Our legal team is here to see what can be salvaged among this broken trust, and we believe certain Fisker Ocean owners may have rights to recoup some of their tremendous losses.”

Attorneys say Fisker’s bankruptcy filing places the case on the clock, and that if they do not act, they will likely receive nothing.

Berman has been awarded and praised for decades for victories on behalf of consumers, especially in cases involving automakers. He played a key role in the two largest automotive litigation settlements in history. His law firm has secured settlements valued at more than $320 billion. He has also participated in a recent video with YouTube’s Adam’s Everything EV in which he answered questions about the Fisker situation.

The firm is now pursuing the rights of certain Fisker Ocean owners: those who financed their purchase through Fisker Finance or J.P. Morgan Chase Bank, NA. Clients will have no up-front cost in the firm’s no-win-no-fee arrangement.

What Can Fisker Ocean Owners Do Now?

The firm’s seasoned team of attorneys includes forensic accountants and skilled litigators ready to take on and the nation’s largest bank with deeply backed defense firms to pursue Fisker purchasers’ rights.

Find out more about the firm’s work on behalf of Fisker Ocean purchasers who financed their 2023-2024 Ocean EVs through Fisker Finance or J.P. Morgan Chase Bank, NA.

About Hagens Berman

Hagens Berman is a global plaintiffs’ rights complex litigation law firm with a tenacious drive for achieving real results for those harmed by corporate negligence and fraud. Since its founding in 1993, the firm’s determination has earned it numerous national accolades, awards and titles of “Most Feared Plaintiff’s Firm,” MVPs and Trailblazers of class-action law. More about the law firm and its successes can be found at www.hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.