Nikola Founder Targeted by Contempt Motion: Delaware Brief

Nikola Founder Targeted by Contempt Motion

Trevor Milton, founder of Nikola

Photographer: Yuki Iwamura/Bloomberg

Trevor Milton, the Nikola founder convicted of fraud and pardoned by President Donald Trump, is accused in a court filing of refusing to pay his $2.5 million share of a settlement returning funds to the failed electric truck startup, Mike Leonard reports.

Nikola’s bankruptcy trustee asked a Delaware Chancery Court judge to hold Milton in contempt, saying he’s refused to pay the overdue sum despite months of empty promises and half-baked negotiations about partial payment. “Milton has not paid a dime, and he has offered no valid excuse,” according to the May ...