Robbins LLP was part of the team that achieved a $33 million cash settlement to resolve shareholder derivative and class action claims in the face of Nikola's bankruptcy.

On June 2, 2020, Nikola merged with special purpose acquisition company VectoIQ Acquisition Corp. Investors allege that insiders allowed founder and former chairman of Nikola Trevor Milton to mislead the market with false claims about Nikola's ability to produce hydrogen and battery electric trucks, inflating the company's valuation ahead of the SPAC deal. Milton allegedly continued to mislead the market with false statements fueling increases in Nikola’s stock price that entitled him and other senior Nikola executives to realize millions of dollars’ worth of “performance awards” tied to Nikola’s short-term share price performance. The settlement includes $27.5 million to settlement the derivative claims and $6.3 million for former VectoIQ stockholders relating to claims that it misled investors about dilution and Nikola's business prospects. 

In re Nikola Corporation Derivative Litigation, C.A. No. 2022-0023 (Del Ch. Nov. 20, 2025).