Trevor Milton to reimburse Nikola $165M per arbitration proceeding
https://techcrunch.com/2023/10/24/trevor-milton-to-reimburse-nikola-165m-per-arbitration-proceeding/
Electric and hydrogen-powered heavy truck maker Nikola was awarded $165 million from its founder and former executive chairman, Trevor Milton, in an arbitration proceeding.
Nikola said in a filing with the Securities and Exchange Commission that an arbitration panel in New York awarded the funds to Nikola on October 20. The company had sought reimbursement for “costs and damages arising from actions that were the subject of government and regulatory investigations,” including a December 2021 SEC settlement and an associated fine.
Trevor Milton to reimburse Nikola $165M per arbitration proceeding
Oct 24, 2023, 10:13pm UTC
https://techcrunch.com/2023/10/24/trevor-milton-to-reimburse-nikola-165m-per-arbitration-proceeding/
> Electric and hydrogen-powered heavy truck maker Nikola was awarded $165 million from its founder and former executive chairman, Trevor Milton, in an arbitration proceeding.
> Nikola said in a filing with the Securities and Exchange Commission that an arbitration panel in New York awarded the funds to Nikola on October 20. The company had sought reimbursement for “costs and damages arising from actions that were the subject of government and regulatory investigations,” including a December 2021 SEC settlement and an associated fine.