Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

Honestly doubt that. This is the second lawsuit from the bank. Last one was settled out of court. Saleen agreed to pay something like $50k and the bank agree to an extension. Then Saleen didn't pay. The bank agreed to another extension and then Saleen still didn't pay.

I doubt the bank will agree to an out of court settlement knowing what happened last time. unless Saleen can come up with the money, but yet if they could, this wouldn't in front of the court right now.