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Faraday Future Facing $1.8 Million Lawsuit from Visual Effects Company

Faraday Future Facing $1.8 Million Lawsuit from Visual Effects Company

 Source:Jalopnik | Publication date: Jan 23, 2017 | Author(s):Ryan Felton

Faraday Future, the upstart EV developer that unveiled its FF91 production model sedan at CES earlier this month, has been hit with a $1.8 million lawsuit.

According to the complaint, visual effects company The Mill Group was approached by Faraday in August to produce a 3D presentation that would include “virtual reality, augmented reality, and holographic components.” Designed to assist the company in promoting the January launch of the new vehicle, the value of the presentation was set at $1,822,750, with Faraday agreeing to pay for the production in three installments.

The Mill Group maintains that it has only received $20,000 to date from Faraday, despite repeated acknowledgements from the company that it intends to pay for the services. The lawsuit seeks a judgement against Faraday for the outstanding balance.

Despite facing increased scrutiny concerning its financial stability, Faraday insists that it is moving forward with developement of its $1 billion Nevada-based manufacturing facility. In November, construction firm AECOM temporarily halted work on the factory after Faraday fell behind $21 million on payments.

Read full article at: Jalopnik »





 
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  1. 2b2
    Faraday Fubar

    mrickan
    I think I've lost track of the lawsuit count.

    At $1.8 million, that must have been an impressive presentation.
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