Nikola Founder And Convicted Felon Trevor Milton Files Lawsuit Against Present Chief Legal Officer, Directors Alleging Malpractice
Portfolio Pulse from Anan Ashraf
Trevor Milton, the convicted founder of Nikola Corp (NASDAQ:NKLA), has filed a multi-billion dollar derivative lawsuit against the company's current chief legal officer Britton Worthen and its directors, alleging malpractice. Milton claims that Worthen was responsible for the controversial 'Nikola One in Motion' video and that the company destroyed evidence that could prove his innocence.
June 08, 2024 | 4:25 am
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Trevor Milton has filed a multi-billion dollar lawsuit against Nikola's chief legal officer and directors, alleging malpractice and evidence destruction. This could lead to increased legal scrutiny and potential financial liabilities for Nikola.
The lawsuit filed by Trevor Milton could result in significant legal and financial challenges for Nikola. The allegations of malpractice and evidence destruction may lead to increased scrutiny from regulators and potential financial liabilities, negatively impacting the company's stock price in the short term.
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