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Electric car startup Coda getting buried in lawsuits

Like Fisker Automotive, electric car company Coda Automotive is getting hit with lawsuits. It’s got over a half dozen filed within the last couple of months.
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Back in January we noted how following a trying year, electric car startup Coda Automotive was quietly dealing with a number of lawsuits over unpaid bills. These lawsuits followed layoffs and slow sales of the company’s first car on the market, a much delayed electric sedan. Well, a couple months later, Coda’s legal troubles have compounded with more lawsuits and the fate of Coda appears highly uncertain.

While Coda settled a couple of those billing disputes from earlier this year, two of those companies that settled have filed new lawsuits stating that Coda didn’t begin paying the agreed upon settlement fee. Auto supplier CDH Detroit said that in a settlement agreement with Coda in early March, Coda agreed to start paying CDH Detroit monthly installments of $28,186 for almost a year, resulting in a total bill of $338,234. In the new suit filed April 26, CDH Detroit said that Coda allegedly missed that first monthly payment (embedded below).
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