Trevor Milton convicted of securities fraud after 6-year successful stock market run. His company and concept car was all a lie!
Questions:
- Why do, as the article says, “corporate executives tend to portray activist short sellers as vigilantes?”
- Related to the first question, what has Nathan Anderson’s firm done in the past several years?
- Why were special purpose acquisition companies targets for short sellers in the recent past?
Source:
Warner, Bernhard (2022) An Activist Short Seller Gets His Day in Court. The New York Times, Oct. 22 (Retrievable online at https://www.nytimes.com/2022/10/22/business/dealbook/nathan-anderson-nikola-trial.html)