Nikola founder Trevor Milton is fighting a subpoena from his bankrupt company’s creditors

The recently forgiven founder of Nikola, Trevor Milton, fought an assignment of the creditors of his bankrupt electric truck company.

The Official Committee of Creditors not guaranteed in the bankruptcy case sent assignment to Milton lawyers on April 1, According to a recent deposit. Milton owed Nikola nearly $ 100 million before paying for bankruptcy in February, which followed an arbitration case with the company in 2023 concerning his criminal conviction which he had lost.

The committee says Milton has still not paid and tries to use the assignment to determine the current state of its financial affairs.

Before he went bankrupt, Nikola continued Milton before a federal court in Arizona and accused him of “fraudulently transferring tens of millions of dollars of his assets to distinguish, delay and defraud [Nikola] In [its] tries to collect the arbitration award, ”according to the committee.

Milton has spent the last two months struggle The assignment, according to the file. Company lawyers have said to the judge They believe that the equipment sought by creditors is subject to a protection prescription in the case of Arizona.

The fight against the quotation to appear will probably come to a head during a hearing scheduled for June 9.

Lawyers representing the creditors’ committee and Milton did not immediately respond to requests for comments.

Most Nikola’s assets have already been sold in the bankruptcy process. Lucid Motors bought the Leases on the factory and the headquarters of Nikola in ArizonaAnd hired about 300 of its employees. An auction company bought Nikola Remaining fleet of hydrogen trucks.

This left the arbitration price as one of the most important and crucial assets remaining in the succession of Nikola.

Before filed for a bankruptcy, Nikola was struck by a collective appeal for the shareholders linked to the misleading complaints she made during the process of becoming a public enterprise. While Nikola settled a case with the Securities and Exchange Commission on these complaints, the shareholders’ trial was still underway when the company went bankrupt.

The plan from the start of bankruptcy was to use Milton’s arbitration to settle the trial for shareholders. But Milton “has not yet paid a penny,” said the creditors’ committee in the file. Along the way, Milton, which called on his four -year prison sentence, was granted A surprise forgiveness by President Trump. A few weeks later, Nikola lawyers accused Milton of Try to derail the case of bankruptcy.

Meanwhile, Milton has in service A documentary that should be presented on June 10, what he promises will tell “the real story about how the so-called” justice system “almost destroyed an innocent man”.