TBA Law Blog

Posted by: Stacey Shrader Joslin on Sep 24, 2019

Nissan will pay $15 million to settle allegations that it hid more than $140 million of its former chairman’s retirement benefits from investors, the Nashville Business Journal reports. The former chairman, Carlos Ghosn, also will pay $1 million and Greg Kelly, a former director based in Middle Tennessee, will pay $100,000. Ghosn and Kelly also are facing charges in Japan, where Nissan is based. According to the Associated Press, Nissan and its former officials settled the charges without admitting or denying the allegations from the Securities and Exchange Commission.