$90 Million Nissan Suit Takes Aim at Former Chairman

The ongoing saga between Nissan Motor Company and its former chairman, Carlos Ghosn, took another legal turn this week. Nissan filed a civil lawsuit against Ghosn seeking an initial amount of 10 billion Japanese yen ($90 million).

The company said the suit was filed “in order to recover a significant part of the monetary damages inflicted on the company by its former chairman as a result of years of his misconduct and fraudulent activity.” The claimed damages are linked to Ghosn’s “breach of fiduciary duty as a company director and his misappropriation of Nissan’s resources and assets,” the Japanese automaker said in a statement.

“The legal actions form part of Nissan’s policy of holding Ghosn accountable for the harm and financial losses incurred by the company as a result of his misconduct,” the company said.

Ghosn was arrested in Japan in November 2018 for alleged financial misconduct and was held in house arrest. He fled the country in December 2019 (inside of a cello case no less) and escaped to Lebanon.

Since his arrest, Ghosn has staunchly denied all allegations against him and has claimed that he is gathering documents to prove his innocence and that of fellow Nissan executive Greg Kelly, who was also arrested in November 2018 and remains in Japan. Ghosn insists that he was framed by former Nissan colleagues and Japanese government officials.

So which is it — misconduct and fraud…or an intricate frame job by Nissan and the Japanese government?  The courts will ultimately have to decide. Legal disputes are EVERYWHERE. And when they threaten YOU or YOUR business, including landlord/tenant matters, contract issues, nuisance ADA claims or even collections, call on the good guy business litigator, Dean Sperling, who will work to resolve YOUR matter with YOUR best interests in mind!  

More on the case:

https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2020/02/12/nissan-files-suit-against-former-chairman-carlos-ghosn.html