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Nikola Investors' SPAC Fraud Suit Moves Ahead

Law 360 M&A

Board directors of electric truck maker Nikola Corp. and the blank-check company that took it public for $3.3

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Nikola Eyes Focus On Its North America Operations; Divests JV Ownership In Ulm, Germany To Iveco

Benzinga

Italian vehicle manufacturing company Iveco Group N.V. will assume full ownership of the joint venture with Nikola Corp (NASDAQ: NKLA ) in Ulm, Germany. Nikola will be granted the IVECO S-Way technology license for North America and related component supply from Iveco Group. Also, Nikola will gain.

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Del. Chancery Pauses Nikola Corp. Class Action

Law 360 M&A

Electric truck company Nikola Corp. and its criminally charged former CEO convinced the Delaware Chancery Court on Wednesday to put a stockholder derivative suit on hold pending the resolution of related legal actions in New York and Arizona.

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SEC Enforcement Chief Speaks on the Future of Combating Corporate Fraud

Reynolds Holding

We experienced perfect storms of risk during the SPAC boom with frauds like the one that the SEC alleges was perpetrated by Trevor Milton and the EV company, Nikola. [6] 8] Indeed, according to a recent survey, 61% of investors believe that faster adoption of AI is very, or extremely, important to a company’s value. [9]