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Nikola Says Convicted Ex-CEO Plotting Illegal Board Takeover

Law 360

Electric truck manufacturer Nikola Corp. sued its former CEO and convicted felon Trevor Milton in Arizona federal court Friday, accusing him of scheming with unqualified loyalists to regain control of the company by flouting securities laws, infringing Nikola's trademarks and breaching agreements.

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Nikola founder convicted of $1B fraud over social media misrepresentations

JURIST

Trevor Milton, founder of automotive manufacturer Nikola Corp., on Friday was convicted of fraud following his misrepresentations and lies regarding the company’s technology. Nikola had previously reached a $125 million settlement with the US Securities and Exchange Commission (SEC) last December.

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Nikola Awarded $165M In Arbitration Proceeding With Founder

Law 360

Electric-truck maker Nikola Corp. Securities and Exchange Commission on Tuesday that a New York arbitration panel awarded the company approximately $165 million in its arbitration proceedings with convicted founder and former executive chairman Trevor Milton. told the U.S.

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Electric Truck Co. Nikola To Pay $125M To End SEC Probe

Law 360

Nikola Corp. Securities and Exchange Commission to resolve allegations that its embattled former CEO deceived investors about the SPAC-born company's ability to build electric- and hydrogen-powered trucks. has reached a $125 million agreement with the U.S.

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