Delaware Court of Chancery on The Circle in Georgetown, Delaware. Credit: Antony-22 via Wikimedia Commons Nikola Oversight 'in Shambles' With Convicted Founder's Fraud, Newest Derivative Suit Claims
The complaint brings breach of fiduciary duty, unjust enrichment and contribution and indemnification claims against current and former Nikola management.
September 08, 2023 at 03:00 PM
3 minute read
Corporate Governance
Days after founder and former CEO Trevor Milton was denied a new criminal trial, a Nikola Corp. shareholder filed a derivative complaint in the Court of Chancery, claiming the spread of misinformation by Milton and others has cost the company hundreds of millions of dollars and destroyed share value.
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