(Reuters) – Nikola Corp. and its founder Trevor Milton had made several statements that were completely or partially incorrect, the manufacturer of electric cars revealed in legislation no later than Thursday after an internal review.
Kirkland & Ellis, a law firm hired by Nikola to conduct an investigation into allegations of fraud by card seller Hindenburg, also evaluated whether the erroneous statements violated any law, the application said.
The Law Firm would also continue to assess the accuracy of other statements by Nikola, including in its current legislative applications.
Nikola is being investigated by the US Securities and Exchange Commission and the US Attorney & # 39 ;s Office for the Southern District of New York in connection with Hindenburg's allegations.
The card salesman's report claimed that Milton, who has since resigned as chairman, had made false claims about the company's own technology to form partnerships with the major automakers. Nikola had publicly denied all allegations.
Mr. Milton was not immediately available for comment. Catalog