Nissan Exec Freed From Investors' Pay Scandal Suit

Law360 (January 4, 2021, 9:48 PM EST) -- A Tennessee federal judge dismissed one Nissan executive from a putative securities fraud class action, but kept others who have been trying to get out of a suit that seeks to hold the automaker and its fugitive ex-chairman liable for investors' alleged losses.

U.S. District Judge William L. Campbell Jr. denied two of the three motions to dismiss and partially granted the third, letting Nissan Motor Co. Ltd.'s Chief Financial Officer Hiroshi Karube off the hook.

The suit from lead plaintiff Jackson County Employees' Retirement System says that Nissan's fugitive former CEO and chairman Carlos Ghosn underreported his income and misused...

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