Calif. Panel Revives Fraud Claims Against Nissan Lender

Law360, Los Angeles (January 17, 2014, 4:24 PM EST) -- A California state appeals court on Thursday revived fraud allegations accusing lender Nissan Motor Acceptance Corp. of promising financial support to California dealerships and then pulling the plug, finding a jury was blocked from hearing key evidence favoring the dealerships.

Reversing in part a judgment by Superior Court Judge Ronald L. Bauer, the three-judge panel determined that the jury hadn't heard evidence that Nissan Motor Acceptance Corporation President Steve Lambert allegedly made false oral promises to continue financing Superior Automotive Group LLC's dealerships regardless of untimely...
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