The Justice Department has joined U.S. securities regulators in inspecting allegations that electric-truck startup Nikola Corp. misled traders by making exaggerated claims about its expertise, in keeping with individuals conversant in the matter.

The Justice Department’s inquiry is being dealt with by the Manhattan U.S. lawyer’s workplace, working in live performance with the Securities and Exchange Commission, which has initiated its personal examination of the claims about Nikola, the individuals mentioned.

Source link