Edward Imperatore authored an article for Law360 discussing the criminal trial of Trevor Milton, founder and former chief executive officer of the electric car maker Nikola Corp., and lessons public companies can learn from the case.
Edward wrote: “U.S. v. Milton highlights for public companies (1) the limitations of defenses based on aspirational statements and reliance on other corporate actors; (2) the need for internal controls over public statements; (3) the importance of structuring executive compensation to align stakeholders' incentives; and (4) the significance of the retail investor.”
Read the full article.