Wednesday, September 23, 2020

Justice Division Probes Electrical-Truck Startup Nikola Over Claims It Misled Traders

The Justice Division has joined U.S. securities regulators in analyzing allegations that electric-truck startup Nikola Corp. misled buyers by making exaggerated claims about its expertise, in response to folks aware of the matter.

The Justice Division’s inquiry is being dealt with by the Manhattan U.S. lawyer’s workplace, working in live performance with the Securities and Change Fee, which has initiated its personal examination of the claims about Nikola, the folks mentioned.

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