NKLA - Nikola Rejects Dissident Nominees Amid Legal Battle With Former Chairman Trevor Milton - What's Going On? | Benzinga
Nikola Corporation (NASDAQ:NKLA) shares are trading higher in the premarket session on Friday.
Nikola said today that its board of directors had rejected a slate of five dissident nominees proposed by an entity controlled by former Executive Chairman Trevor Milton for election as directors.
Milton was criminally convicted of one count of securities fraud and two counts of wire fraud related to the company and was sentenced to 48 months in prison, followed by supervised release for three years.
On October 20, 2023, Milton was found liable in an arbitration with the company, resulting in an ...