Nikola reaches $125M settlement with SEC, resolves defrauding charges
JURIST
DECEMBER 22, 2021
The US Securities and Exchange Commission (SEC) Tuesday announced that zero-emission vehicles startup Nikola Corporation has agreed to pay $125 million to settle charges that it violated US securities laws and defrauded investors by misleading them about its products, technical advancements, and commercial prospects. The settlement emerges from the SEC’s order issued earlier this year, holding the company liable for “allegedly misleading statements and for other alleged deceptions
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