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Legal

NKLA

Nikola Corp (NASDAQ:NKLA) has been awarded $165 million in arbitration from its founder, Trevor Milton. The award is related to costs and damages from previous actions that led to regulatory investigations and an SEC settlement related to fraud. Nikola is also planning to seek reimbursement for attorney fees. The company is set to report its Q3 financial results on Nov. 2, with an expected loss of 15 cents per share and revenue of $15.024 million. Nikola shares are up 18.4% at $1.13.

Portfolio Pulse from Adam Eckert

October 24, 2023 | 2:51 pm

NKLA

Nikola Corporation has been awarded $165 million in arbitration from its founder. This has led to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 2:50 pm

FDEU

SPE

Special Opportunities Fund, Inc. (NYSE:SPE) has dismissed its lawsuit against the board of directors of First Trust Dynamic Europe Equity Income Fund (NYSE:FDEU) following stockholder approval of a transaction to eliminate the trading discount in FDEU's shares and rescission of the control-share bylaw. However, SPE condemns the board's decision to seat two incumbent trustees of FDEU without a quorum.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:37 pm

ACHR

Archer Aviation Inc. (NYSE:ACHR) announced that the plaintiff in the federal securities lawsuit filed against the company has voluntarily dismissed the case. This comes after Archer filed its motion to dismiss the case. The company remains focused on its mission and creating value for shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:02 pm

CRNC

LAES

NTCT

NVEC

VRNT

The article lists five tech stocks that are currently oversold and could potentially boost a portfolio. These include SEALSQ Corp, Cerence Inc., NVE Corporation, Verint Systems Inc., and NetScout Systems, Inc. The companies have reported various financial results, with some experiencing growth and others facing challenges. The stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 12:17 pm

NKLA

An arbitration panel in New York has awarded Nikola Corporation approximately $165M plus interest, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 12:04 pm

ACB

Aurora Cannabis has announced a settlement in a patent litigation case. The company's CEO, Miguel Martin, stated that the settlement is favorable and ensures that Aurora's Canadian cannabis-related patent rights are respected.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 11:55 am

RCEL

AVITA Medical, Inc. and its former CEO, Dr. Michael Perry, have reached a settlement agreement related to Dr. Perry's departure from the company. Dr. Perry will receive a total of $1M in settlement payments, and both parties have agreed to a mutual non-disparagement agreement. The company has not admitted to any allegations.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:43 pm

ALK

An off-duty pilot, Joseph D. Emerson, has been charged with 83 counts of attempted murder after allegedly trying to interfere with an airplane’s engine midflight. The plane, operated by a regional carrier owned by Alaskan Air Group Inc (NYSE:ALK), was flying from Seattle to San Francisco. The pilots diverted the plane’s route and landed in Portland. Emerson was subdued and taken out of the cockpit. The FBI is investigating the incident.

Portfolio Pulse from Aaron Bry

October 23, 2023 | 8:02 pm