Nikola Corporation

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Case overview

Case Number:

1:25-bk-10258

Court:

Delaware

Nature of Suit:

Firms

Companies

Sectors & Industries:

September 05, 2025
Nikola Ch. 11 Plan OK'd Despite Founder's Pardon Objection

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
Nikola Corp. Settles SEC Objection To Ch. 11 Plan For $4M

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
SEC Says Nikola's Ch. 11 Plan Mischaracterizes $80M Penalty

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.
August 25, 2025
Nikola Founder Cites Trump Pardon, Claire's Gets DIP Funds

Nikola’s founder and ex-CEO said his claim in the company’s Chapter 11 cannot be subordinated, while Clare’s got interim approval for bankruptcy financing and Avon secured a judge’s permission to implement its reorganization plan.
August 21, 2025
Nikola Ch. 11 Plan Ignores Trump Pardon, Founder Says

Trevor Milton, the founder and former CEO of electric-truck maker Nikola who was convicted of securities fraud, has asked the Delaware bankruptcy court not to allow the company to subordinate his $69 million claim, saying its Chapter 11 plan doesn't accurately account for the full presidential pardon he received earlier this year.
August 15, 2025
What's Happening In Bankruptcy Court This Coming Week

In the coming week, bankruptcy judges are set to hear issues including a Brazilian telecommunications company's proposed jump from Chapter 15 to Chapter 11, final approval of Genesis Healthcare's postpetition financing, and a settlement proposed by electric-vehicle maker Nikola Corp.
August 14, 2025
Under The Radar: Bankruptcy News You May Have Missed

Co-owners of a rice mill accused the CEO of having exceeded his authority by starting bankruptcy. Bankrupt oil company Cox Operating's Chapter 7 trustee asked a Colorado federal court to weigh in on a property. And electric vehicle maker Nikola asked a bankruptcy court to approve a settlement.
August 04, 2025
Nikola Seeks To Erase $13M Securities Class Action Claim

Bankrupt electric vehicle maker Nikola Corp. urged a Delaware bankruptcy judge to approve a plan to demote $13 million in claims connected to a securities class action, arguing the court shouldn't let investors convert their equity losses into creditor claims in Chapter 11.
July 31, 2025
Under The Radar: Bankruptcy News You May Have Missed

The U.S. Trustee's Office objected to the disclosure statement filed by Flagship Resort Development Corp., arguing it lacks details on third-party releases in its Chapter 11 liquidation plan. Guardian Elder Care's creditors committee opposed extending the company's exclusivity to file a Chapter 11 plan. Nikola Corp. asked to subordinate the SEC's $125 million penalty, calling it a lower-priority debt.
July 18, 2025
What's Happening In Bankruptcy Court This Coming Week

Bankruptcy judges will guide hearings in the coming days that concern issues including Nikola's Chapter 11 plan and disclosures, a youth mental health provider's plans for a real estate sale, and Rite Aid's proposed lease sales.

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