Nikola Corp. founder Trevor Milton lost his bid for a new trial when the judge in his case rejected a defense claim that a juror hid a bias against rich people.
Milton’s personal fortune approached $10 billion during the high-flying days of the electric truck maker’s stock following its public debut in 2020. He has cashed out hundreds of millions of his holdings. But he still owns more than 5% of the company he founded in 2015.
Milton’s defense team argued in December that the juror’s comments...
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