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Legal News: Nikola Corp. Intent to Sue Bloomberg LP for Libel

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The Nikola Corporation ("Nikola"), trading under the stock ticker NKLA, announced its intent to sue Bloomberg LP ("Bloomberg") under a libel cause of action announce via tweet of Nikola Corporation founder Trevor Milton on June 16, 2020.

The tweet contained a photo of letter from the Chief Legal Officer of Nikola to Bloomberg announcing the intent to sue for libel stemming from an article written by a Bloomberg employee titled "Nikola Founder Exaggerated the Capacity of His Debut Truck".

The letter continued to put Bloomberg on notice to retain any and all electronically stored information ("ESI") a crucial pre-action step to preserve evidence for the Discovery phase of the litigation.

For any questions or assistance, please contact the Attorneys at Fazzio Law, we are in your corner!

Source: https://twitter.com/nikolatrevor/status/1273428216259072000?s=20

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