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Nikola, Chairman Milton Face Investor Lawsuit Over Alleged False, Misleading Statements

Nikola Corporation (NASDAQ: NKLA), its two executives, and chairman, are being sued by an investor for making false and misleading statements about the automaker’s operations, Bloomberg reported Wednesday.

What Happened: The investor, Arab Salem, is suing the company and seeks to represent shareholders that purchased shares in the automaker between June 4 and Sept. 9, according to a complaint filed in a Brooklyn federal court, Bloomberg noted.

Shares of the Trevor Milton-led EV …

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