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Nikola awarded $165 million in arbitration proceeding with founder Trevor Milton
The Associated Press//October 24, 2023//[read_meter]
Trevor Milton, left, leaves the Thurgood Marshall United States Courthouse on Sept. 12, 2022, in New York. Nikola Corp. has been awarded $165 million in an arbitration proceeding with its founder and former executive chairman, according to a regulatory filing. The electric and hydrogen-powered heavy truck maker said in a filing with the Securities and Exchange Commission that it sought reimbursement from Trevor Milton for costs and damages related to actions that were part of government and regulatory investigations, including a December 2021 SEC settlement and associated civil penalty. (AP Photo/Brittainy Newman)
Nikola awarded $165 million in arbitration proceeding with founder Trevor Milton
The Associated Press//October 24, 2023//[read_meter]
Phoenix-based Nikola Corp. has been awarded $165 million in an arbitration proceeding with its founder and former executive chairman, according to a regulatory filing. The electric and hydrogen-powered heavy truck...
