Latest News Updates From Jonathan Randles

GovernmentBusinessTechnologyEquipmentFuel

Nikola Wins Permission to Auction Manufacturing Facility

Nikola won court permission to auction its Arizona plant, an asset creditors said may prove valuable to automakers as the Trump administration continues to go back and forth on tariffs.

March 8, 2025
GovernmentBusiness

Kal Freight Adds Directors After Being Accused of Malfeasance

A judge approved adding independent directors to Kal Freight’s board after the bankrupt trucking firm was accused of double-pledging its trucks as collateral to obtain financing.

December 11, 2024
GovernmentBusinessTechnology

EV Charging Firm Ideanomics Files for Bankruptcy

Ideanomics, which owns technology used to charge electric buses and other commercial vehicles, has filed for bankruptcy.

December 4, 2024
GovernmentBusinessLogistics

CalAmp Files Bankruptcy to Complete Restructuring

CalAmp Corp., which develops business software designed to track vehicles and improve company logistics, has filed bankruptcy to complete a lender-backed plan to cut debt.

June 3, 2024
BusinessPrivate

Old Dominion Tops Estes’ Bid for Yellow Terminals

Trucking company Old Dominion Freight Line Inc. has offered $1.5 billion to acquire Yellow Corp.’s 169 terminals out of bankruptcy, more than a previous offer from Estes Express Lines.

August 19, 2023
GovernmentBusinessEquipmentFor-Hire

Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders

An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management and other lenders to the bankrupt trucking firm.

August 16, 2023
BusinessFuel

Lordstown Settles Karma Lawsuit for $40 Million

Lordstown Motors Corp. has agreed to pay $40 million to settle a Karma Automotive lawsuit alleging that the company lifted designs and technology to develop its flagship Endurance truck.

August 15, 2023
GovernmentBusinessTechnologyFuel

Lordstown Ordered to Face Trial Despite Bankruptcy

A Delaware judge permitted vehicle maker Karma Automotive to move forward with an upcoming trial in California against Lordstown Motors Corp. despite Lordstown's filing for bankruptcy.  

July 27, 2023