The underlying case involves misleading statements made by Nikola Corp. CEO Trevor Milton, who received a 4 year prison sentence in 2022 for securities and wire fraud. Credit: Courtesy photo. The underlying case involves misleading statements made by Nikola Corp. CEO Trevor Milton, who received a four year prison sentence in December 2023 for securities and wire fraud. Credit: Courtesy photo.

Electric and fuel-cell vehicle company Nikola Corp. has turned to a Delaware court with claims that its directors and officers (D&O) insurers are keeping settlement proposals from being made in the Court of Chancery, the District of Delaware and the District of Arizona.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Ellen Bardash

Ellen Bardash is ALM's reporter covering Delaware litigation for Delaware Law Weekly and Delaware Business Court Insider. She can be contacted at [email protected], on Twitter @Dellenware or on Threads @ellenbardash.