SEC v. Trevor R. Milton, No. LR-26397, Southern District of New York (Sept. 11, 2025) — Press Release
raw: Trevor R. Milton
Trevor R. Milton, No. 1:21-cv-06445 (S.D.N.Y. Sept. 11, 2025)
The SEC has dismissed its civil enforcement action against former Nikola CEO Trevor R. Milton with prejudice through a joint stipulation.
The SEC filed a joint stipulation to dismiss its civil enforcement action against former Nikola CEO Trevor R. Milton with prejudice. The litigation, originally filed in July 2021, addressed allegations of misleading statements regarding Nikola's technological capabilities. While specific dollar amounts were not detailed in the dismissal, the action was resolved through the Commission's discretion.
The U.S. Securities and Exchange Commission has dismissed its civil enforcement action against former Nikola Corporation CEO Trevor R. Milton with prejudice. The case, originally filed in July 2021, centered on allegations that Milton made false and misleading statements to inflate company valuation. The dismissal was achieved through a joint stipulation between the SEC and Milton. This decision was made in the exercise of the Commission's discretion and does not necessarily reflect its position on other cases. Although specific fraud dollar amounts were not explicitly detailed in this dismissal notice, the resolution concludes the SEC's specific civil litigation against Milton. This action marks the finality of the SEC's pursuit of these specific civil charges through the S.D.N.Y. court.
Extracted insights
- person civil enforcement action
- person joint stipulation
- organization Nikola
- agency Securities and Exchange Commission
- person trevor r. milton
- SEC Announces Dismissal Civil Enforcement Action
- Securities And Exchange Commission Filed Joint Stipulation
- Securities And Exchange Commission Dismissed Civil Enforcement Action Against 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 action against 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.”
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 action against 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.”