Trevor Milton fielded questions from reporters following his December sentencing. His wife, Chelsey Bergmann,is alongside. Photo: Jane Wester/ALM Nikola Founder Abandons $1B Suit Against Legal Chief, Other Execs
Trevor Milton had charged in the suit that he was the victim of an "egregious case of corporate scapegoating," while the company had derided the claims as "imaginary and baseless."
July 26, 2024 at 09:15 AM
3 minute read
White Collar Crime
The original version of this story was published on Corporate Counsel
The founder of electric truck maker Nikola, convicted last year of defrauding investors about his company's technology, has quietly dropped his $1 billion lawsuit against his legal chief and other executives, whom he blamed for failing to stop him from making misleading statements to investors.
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