April 25, 2022
Nissan Motor Co. Ltd. has inked a $36 million deal to end a proposed securities fraud class action from pension funds alleging the scandal surrounding ex-Nissan chairman and CEO Carlos Ghosn's purported financial misdeeds triggered investors' losses, according to a Tennessee federal court filing Friday.
July 14, 2021
Investors urged a Nashville federal judge to reject a former Nissan Motor Co. executive's attempt to challenge a ruling that kept him on the hook in a proposed securities fraud class action based on the carmaker's 2018 financial scandal.
March 22, 2021
Investors have urged a Tennessee federal judge not to let a former Nissan executive out of their suit over a 2018 deferred compensation scandal, arguing that his escape bid is "an unapologetic rehash" of arguments that the court "flatly rejected" last year.
March 08, 2021
A former Nissan executive pushed a Tennessee federal court to release him from a proposed securities class action, arguing Friday that the U.S. Securities and Exchange Commission already "exonerated" him for his alleged part in a 2018 deferred compensation scandal.
February 05, 2021
Two pension funds said Thursday that Nissan's fugitive ex-chairman Carlos Ghosn must face claims in Tennessee federal court alleging his purported financial misdeeds triggered investors' losses and that he shouldn't be allowed to pursue an immediate appeal in a bid to escape jurisdiction.
January 04, 2021
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.
November 05, 2020
Nissan Motor Co. Ltd. asked a Tennessee federal court Thursday to trim a Michigan pension fund's securities fraud suit seeking to hold the automaker and fugitive ex-chairman Carlos Ghosn liable for investors' alleged losses after Ghosn's purported financial misdeeds made headlines in 2018.
February 19, 2020
The embattled former chief of Nissan argued Tuesday that U.S. courts lack jurisdiction to hear a Michigan pension fund's securities fraud suit that claims his alleged financial misconduct in Japan blew back on investors — and his fugitive status doesn't change that.
February 12, 2020
If Nissan Motor Co.'s ex-chairman wanted a federal judge to buy his argument that he can't face a securities fraud suit in Tennessee due to an upcoming trial in Japan, he shouldn't have fled that country in a suitcase, a pension fund argued Wednesday.
November 19, 2019
Nissan Motor Co.'s embattled former chairman and the automaker's current top brass maintained Monday that U.S. courts don't have jurisdiction to hear a Michigan pension fund's securities fraud suit claiming the ex-chairman's alleged financial misconduct in Japan blew back on investors.