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Mystery investor’s attempt to stop Canoo asset sale shot down by judge

  • Judge Brendan Linehan Shannon blocked the attempt by a mysterious financier named Charles Garson to disrupt the sale of Canoo's assets in the EV startup's bankruptcy case.
  • Charles Garson, who missed the bid deadline, lacked standing to request the sale to Canoo's CEO be vacated as he did not formally submit a bid on time or clarify the source of funding.
  • Harbinger Motors, a commercial electric trucking startup, also objected to the asset sale but was denied by the judge, with the company appealing the decision.
  • The judge ruled swiftly against Garson, stating he lacked standing to argue his motion to vacate the sale as he did not meet the necessary requirements to participate in the sale process.

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