Trevor Milton, the founder of Nikola, is in a legal battle regarding a subpoena from the unsecured creditors of his bankrupt electric vehicle company. The creditors' committee has sent a subpoena to his attorneys to ascertain Milton's financial situation, as he allegedly owes nearly $100 million following the company's bankruptcy filed in February. Assertions suggest he fraudulently transferred assets to evade repayment. With most of Nikola's assets sold, the arbitration award remains a critical consideration, underscoring the stakes in this ongoing chapter of Milton's legal troubles.
Milton's ongoing fight against the subpoena issued by creditors of his bankrupt electric trucking company raises questions about his financial transparency amid ongoing legal battles.
The creditors' committee aims to uncover Milton's current financial standing to ensure they can recover some of the nearly $100 million he owes to Nikola.
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