Nikola Stock Jumps on Judgement Against Founder Trevor Milton.

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Nikola Stock Jumps on Judgement Against Founder Trevor Milton.
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An arbitrator ordered the company's former CEO to pay it $165 million.

On Oct. 20, an arbitrator ordered Nikola founder and former CEO Trevor Milton to pay $165 million to the company, the firm said in a filing with the Securities and Exchange Commission on Tuesday.

Nikola referred Barron’s to its SEC filing when asked for additional comment. Milton couldn’t immediately be reached.

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