A Florida special needs non-profit went bankrupt, losing hundreds of families' trust fund worth more than $100 million intended for their disabled children.
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Godfreys will permanently close stores after administrators failed to secure a buyer for the financially troubled company.
Fisker's stock fell over 40% in after-hours trading on Wednesday, raising investor concerns about the EV company's future.
After its creditors opposing the original auction process for the assets of LightSquared Inc, the new plan was approved by the bankruptcy court.
The proposed auction by the bankrupt LightSquared has been sought annulled by a group of lenders.
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