Nikola's shares surge after disgraced founder Trevor Milton ordered to repay $165 million

Nikola disclosed on Tuesday that an arbitration panel has awarded it $165 million in damages from its disgraced founder and former CEO, Trevor Milton.

An arbitration panel awarded Nikola $165 million in damages from its founder and ex-CEO Trevor Milton.

Milton left the company in 2020 and was subsequently convicted of fraud related to false statements he made about Nikola's tech.Nikola's founder and former CEO, Trevor Milton, was found guilty on three counts of fraud in October of 2022.

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