Nikola founder Trevor Milton accused of trying to derail bankruptcy case

A court hearing was to sell Nikola assets for the bankrupt electric truck to Lucid Motors, which will run smoothly on Friday. No objections were made to the deal, and the bankruptcy judge, Dilayer Thomas Horan, agreed orally without hesitation.

Even, this is, a lawyer photographed the magnification amplifier at the end of the session.

The lawyer said that his client “has some concerns” about the way the auction operation was operated. He said he could be treated at a later time, but he stressed that he does not want to “silence his client” is “holding against us in the future.”

The lawyer represented ISSO LLC, the entity used by the founder of Nicolas Tiffur Milton to assess a presentation of his previous company’s assets. As part of this process, he was already prevented by Nicolas from a tour of the Arizona factory – the decision to stop Judge Houran last week.

While the approval of the sale to Lucid was smiling, the late appearance by Milton representative was a fateful sign that he did not finish his previous company.

After an amnesty of president Donald Trump, which helped him avoid a four -year prison sentence, Milton could try to fight the arbitration award worth 168 million dollars, and he ordered Nicolas to pay last year.

This arbitration award remains a major component of the bankruptcy issue in Chapter 11 of Nicolas. Before bankruptcy, Nicolas managed to settle a collective lawsuit by the shareholders related to the wrong demands submitted by Milton while working as the company’s CEO. But this could have been done by promising to distribute the arbitration award to these shareholders.

Nicolas still has some assets that she hopes to sell after clear treatment. Lucid bought a currency, Coolidge, Arizona, Factory and Phoenix Hearters, as well as manufacturing equipment. 300 employees or so on Nicolas will be rented. But Nicolas still sticks to her graphics from large -powered platforms and other various equipment.

“They wanted to try these procedures,” Nicolas lawyer, Joshua Morris, said at the hearing that he was not surprised by Iso and Milton.

“This is a pattern of behavior that we have seen over and over again,” Morris said. “We believe that these are unfounded.

Morris went on to say he believes that Milton’s participation in the sale appears to be “an attempt to continue to harm the company in favor of that I can not completely verify.”

He added that Milton may cast the sale in the hope of influencing the arbitration award.

“Perhaps the play is to present [Nikola] Desperate to support the money so that the committee [of unsecured creditors] “The debtor is to try or accept some of the proposal to settle the low ball,” we only know that we believe that we have operated the sale with openness and all parties are involved. “

Lawyers left things there and bid farewell to the session. Milton spokesman did not immediately respond to a request for comment.