Get the latest tech news
Nikola founder Trevor Milton accused of trying to derail bankruptcy case
A court hearing on the sale of bankrupt electric truck startup Nikola's assets to Lucid Motors was going smoothly on Friday. No objections had been filed
Fresh off a pardon from President Donald Trump, which helped him avoid serving a four-year prison sentence, it’s possible that Milton could try to fight a $168 million arbitration award he was ordered to pay Nikola last year. “Perhaps the play is to render [Nikola] desperate for support cash so that the committee [of unsecured creditors] forces the debtor to attempt or accept some low ball settlement proposal,” he said. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
Or read this on TechCrunch
