Obama connected law firm got Fisker Stimulus - San Diego, California Talk Radio Station - 760 KFMB AM - 760kfmb

Obama connected law firm got Fisker Stimulus

The firm, Debevoise & Plimpton LLC, received $1,842,180 in Recovery Actfunds to provide legal advice, conduct due diligence, and review documents for two loans from DOE’s Advanced Technology Vehicles Manufacturing Loan Program. One $529 million loan award was to Fisker Automotive to develop and produce two lines of electric vehicles, with plans to create 2,000 new jobs at a renovated General Motors plant inDelaware. After receiving $193 million under that loan, DOE halted payments to Fisker in May 2011 after it failed to reach milestones set out in the agreement. Work on renovations to the Delaware plant was suspended, and the company let go about 65 employees – “green jobs” – earlier this month.

Source