Nikola’s Milton Seeks Dismissal of Case He Misled Investors (1)

Nikola Corp. founder Trevor Milton asked a federal judge to throw out an indictment accusing him of misleading investors about the electric vehicle maker’s financial prospects.

Milton filed multiple motions to dismiss charges on Wednesday, saying he wasn’t given fair notice that the alleged statements he made could be considered criminal and that prosecutors haven’t shown how his comments influenced purchases or sales of Nikola stock, among other arguments.

“The government’s theory of criminal liability is novel and breathtaking in scope, threatening core rights protected by the Constitution,” according to the filings.

Instead of focusing on alleged misstatements in offering ...