Lawyers for Trevor Milton are anchoring the Nikola founder’s defense against securities-fraud charges on the testimony of a Harvard professor, seeking to persuade jurors that the former chief executive’s allegedly misleading tweets and podcast interviews didn’t move markets.
Allen Ferrell, who teaches securities law at Harvard Law School, told jurors over two days of testimony that Mr. Milton’s rosy statements about Nikola’s electric truck technology didn’t impact the company’s shares.
Source: https://www.wsj.com/articles/nikola-founder-trevor-milton-hangs-legal-defense-on-expert-testimony-11664906700?siteid=yhoof2&yptr=yahoo