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Nikola Founder Trevor Milton Seeks to Dismiss Two Counts of Indictment

  • EV maker’s founder says case threatens constitutional rights
  • Charges against Milton followed a tough year for the company
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Nikola Corp. founder Trevor Milton asked a federal judge to throw out an indictment accusing him of misleading investors about the electric vehicle maker’s financial prospects.

Milton filed multiple motions to dismiss charges on Wednesday, saying he wasn’t given fair notice that the alleged statements he made could be considered criminal and that prosecutors haven’t shown how his comments influenced purchases or sales of Nikola stock, among other arguments.