October 13, 2026
Genesis Healthcare got the sign-off for an amended $1 billion asset sale, WilmerHale appointed a new restructuring chair, and the former CEO of electric-truck maker Nikola asked the Third Circuit to review a decision that his bankruptcy claim against his former company was properly subordinated.
October 08, 2026
The former CEO of electric-truck maker Nikola has asked the Third Circuit to review a Delaware federal judge's decision that his nearly $70 million bankruptcy claim against his former company was properly subordinated in the debtor's Chapter 11, despite a pardon from President Donald Trump.
December 10, 2025
An entity affiliated with the former CEO of electric-truck maker Nikola has urged a Delaware bankruptcy judge to undo an August asset sale, saying the transaction was conducted unfairly and that it is now willing to offer more than twice the sale price.
November 25, 2025
A Delaware bankruptcy judge declined Tuesday to narrow an appeal of his order approving electric-truck maker Nikola Corp.'s Chapter 11 plan brought by company founder Trevor Milton, who was pardoned by President Donald Trump of securities fraud charges earlier this year.
November 24, 2025
Nikola founder Trevor Milton, who was pardoned of securities and wire fraud charges by President Donald Trump earlier this year, has urged the Delaware bankruptcy court to forbid his former company from serving him with discovery requests while he appeals an order approving the electric-truck maker's Chapter 11 plan.
November 21, 2025
Rite Aid will head to court to seek approval of its second reorganization plan in one year and justify its third-party releases in the aftermath of the U.S. Supreme Court's Purdue decision. Film production company Village Roadshow is scheduled for a hearing where it will fight a bid to stop its asset sale. And electric-truck maker Nikola is expected to attempt to collect the proceeds of an auction.
September 25, 2025
The founder and former CEO of Nikola said Thursday he will appeal a Delaware bankruptcy court's approval of the electric-truck maker's Chapter 11 plan, which has already settled the U.S. Securities and Exchange Commission's penalty claims and provides recoveries for general unsecured creditors.
September 05, 2025
A Delaware bankruptcy judge Friday approved the Chapter 11 plan of electric-truck maker Nikola Corp., overruling an objection from the company's former CEO that was tied to his treatment under the plan and a pardon issued by President Donald Trump.
September 03, 2025
Electric-truck maker Nikola Corp. told a Delaware bankruptcy judge that it had resolved an objection to its Chapter 11 liquidation plan by the U.S. Securities and Exchange Commission, agreeing to pay $4 million in cash after the agency challenged what it called Nikola's attempt to unfairly subordinate an $80 million civil penalty claim.
August 26, 2025
The U.S. Securities and Exchange Commission objected to the Chapter 11 plan of electric-truck maker Nikola Corp. on Tuesday, saying the plan improperly treats the agency's $80 million civil penalty claim as if it were a damages claim behind other unsecured creditors in the priority scheme.