Nikola Awarded $165 Million in Arbitration Proceeding With Founder Trevor Milton

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Nikola Awarded $165 Million in Arbitration Proceeding With Founder Trevor Milton

The Associated Press2023-10-24

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 ...

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kizze
·2023-10-24
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Nikola didn’t admit any wrongdoing.</p><p style=\"text-align: start;\">Nikola said in the filing that it plans to file with the arbitration panel an application to recover attorneys&#39; fees related to the matter.</p><p style=\"text-align: start;\">Shares of the Phoenix-based company soared more than 17% in morning trading on Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44b5629a7b751837cbab6775d485ac9b\" tg-width=\"603\" tg-height=\"607\"/></p><p></p></body></html>","source":"lsy1642508350625","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nikola Awarded $165 Million in Arbitration Proceeding With Founder Trevor Milton</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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