Department of Justice
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Electric Trucks
Nikola settles with SEC, agrees to pay $125M fine over 2 years
Nikola avoids admitting wrongdoing, but the SEC lays out a litany of misdeeds that led to the $125 million settlement.
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Electric Trucks
Judge denies venue change for Trevor Milton’s fraud trial
The Nikola founder fails in the bid to get his fraud trial moved out of New York to Arizona or Utah, where his wife is…
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Legal issues
Legal match over fate of AB5 has new player: US solicitor general
SCOTUS’ request for input on the CTA case suggests it is interested in the question of state versus federal preemption, and trucking attorneys are happy…
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Electric Trucks
Starting over: Workhorse overhaul could lead to more than electric vans
Suspending electric van production, converting debt to equity and reducing cash burn are among the new CEO’s early moves at the troubled Workhorse Group.
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Electric Trucks
Nikola will push indicted founder to reimburse expected $125M SEC fine
Editor’s Note: Updates with closing stock price Nikola Corp. set aside $125 million to potentially settle a Securities and Exchange Commission complaint but will seek…
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Trucking Regulation
Navistar will destroy old engines, pay $52M to settle federal complaint
After settling a class-action lawsuit over defective MaxxForce engines, Navistar agrees to pay the government for Clean Air Act violations.
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News
Road Doctor owner accused of paving way for luxury cars with PPP loan
Prosecutors allege Oumar Sissoko, 59, of Temecula, California, who claimed to own a pothole repair company called Road Doctor California LLC, spent hundreds of thousands…
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News
Ex-fleet manager accused of bilking $1.6M from company
A federal grand jury has indicted a former fleet manager of Builders FirstSource, a publicly traded construction products manufacturer, alleging Steven Duety used company credit…
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American Shipper
Trump pardons former congressman and maritime advocate
Now-pardoned California Republican Duncan Hunter pleaded guilty to misusing campaign funds.
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News
Feds execute former Louisiana trucker Friday
Former Louisiana trucker Alfred Bourgeois was put to death Friday, after the U.S. Supreme Court rejected a last-minute bid by his attorneys for clemency.
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