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Delay sought for A123 auction

Fisker Automotive asked a bankruptcy judge to delay the auction of U.S. electric-car battery maker A123 Systems.

“A hurried sale process will be damaging to the estates and deprive creditors of value that may be realized through higher and better offers,” Gregg Galardi, a Fisker attorney, said in court papers filed Friday in Wilmington, Del.

Fisker is seeking an extension of the bid deadline, auction date and related dates and deadlines in the bidding procedures request by at least 30 days, court papers show.
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