Week In Bankruptcy

Nikola Founder Cites Trump Pardon, Claire's Gets DIP Funds

By Yun Park · August 25, 2025, 6:06 PM EDT

The founder of Nikola has told the Delaware bankruptcy court his presidential pardon should shield his $69 million claim from subordination in the company's insolvency. Meanwhile, Claire's received an interim court...

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Case Information

Case Title

AIO US, Inc.

Case Number

1:24-bk-11836

Court

Delaware

Nature of Suit

Date Filed

August 12, 2024


Case Title

Plastic Suppliers, Inc.

Case Number

1:24-bk-22549

Court

New Jersey

Nature of Suit

Date Filed

December 22, 2024


Case Title

Scanrock Oil & Gas, Inc.

Case Number

9:25-bk-90001

Court

Texas Northern

Nature of Suit

Date Filed

February 03, 2025


Case Title

Nikola Corporation

Case Number

1:25-bk-10258

Court

Delaware

Nature of Suit

Date Filed

February 19, 2025


Case Title

Claire's Holdings LLC

Case Number

1:25-bk-11454

Court

Delaware

Nature of Suit

Date Filed

August 06, 2025