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SEC - U.S. Securities and Exchange Commission

09/11/2025 | Press release | Distributed by Public on 09/11/2025 14:37

Litigation Releases (Trevor R. Milton)

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26397 / September 11, 2025

Securities and Exchange Commission v. Trevor R. Milton

, No. 1:21-cv-06445 (S.D.N.Y. filed July 29, 2021)

SEC Announces Dismissal of Civil Enforcement Action Against Former Nikola CEO Trevor R. Milton

The Securities and Exchange Commission today filed a joint stipulation with Defendant Trevor R. Milton to dismiss, with prejudice, the Commission's ongoing civil enforcement actionagainst him.

As stated in the joint stipulation, the Commission's decision to seek dismissal of this action is "in the exercise of its discretion" and "does not necessarily reflect the Commission's position on any other case."

SEC - U.S. Securities and Exchange Commission published this content on September 11, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 11, 2025 at 20:37 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]

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