Ed Imperatore spoke to the Wall Street Journal about the securities fraud trial for Trevor Milton, founder of electric truck startup Nikola.
“A battle in this trial is who is the reasonable investor, and what would a reasonable investor consider important,” Ed said. “Milton is seeking to demonstrate that on days he supposedly made false statements to the market, the market didn’t think those statements were important in making investment decisions.”
He noted that defense attorneys tend to build their case through cross examination of government witnesses and documents so their client won't need to take the stand, and added that jurors could view a substantial defense case as an implicit acknowledgment that prosecutors had been effective.
"There is an optical issue at play," Ed said.
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