Nikola Bankruptcy Turmoil: Founder Allegedly Accused Amidst Lucid Asset Acquisition

April 11, 2025, 3:20 pm

In the ongoing Nikola bankruptcy proceedings, controversy has erupted as founder Trevor Milton is accused of attempting to derail the legal process even as a bankruptcy judge approved the sale of Nikola’s assets to Lucid Motors. The deal—a key part of the restructuring effort—has fueled heated debate, with critics questioning the transparency and fairness of the entire process. The allegations highlight deep divisions over the handling of Nikola’s financial crisis and asset disposition.

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techcrunch.com / Nikola founder Trevor Milton accused of trying to derail bankruptcy case

Bankruptcy judge Thomas Horan initially approved selling Nikola’s assets to Lucid Motors during a Zoom hearing with no objections, until a lawyer raised an issue late in the session.

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Nikola Bankruptcy Turmoil: Founder Allegedly Accused Amidst Lucid Asset Acquisition

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