Global  

Nissan wants $91m in damages from former chairman

Video Credit: Reuters Studio - Duration: 01:27s - Published
Nissan wants $91m in damages from former chairman

Nissan wants $91m in damages from former chairman

Nissan Motor Co on Wednesday said it had filed a civil suit in Japan against former Chairman Carlos Ghosn seeking $91 million in damages over his alleged financial misconduct.

Matt Larotonda reports

Nissan has revved up its action against Carlos Ghosn, hitting him with a civil lawsuit on Wednesday (February 12) and seeking $91 million dollars in damages over his alleged financial misconduct.

Now the firm says the figure may increase if it looks to recoup any fines levied by regulators relating to Ghosn's alleged misconduct.

Its former boss in December fled Japan, where he was facing criminal charges, which included the misuse of company funds.

He's since been hunkered down in his childhood home of Lebanon.

Ghosn denies any wrongdoing, but may face separate legal action over what Nissan called "groundless and defamatory" remarks made in a news conference in Beirut last month.

Any extra money could be pretty timely for the firm.

Sources familiar with Nissan said it might report its first quarterly loss in more than a decade on Thursday (February 13) because of slumping sales.

The ousting of Ghosn has led to a period of rebuilding for Japan's number 2 automaker, with disruption caused by China's coronavirus outbreak also possibly dragging profits lower.

One Reuters sources said Thursday's figures would be "dismal." That after figures out last month showed third quarter sales were down 11% on the year.

Nissan had no comment ahead of its official announcement.




You Might Like


💡 One News Page Knowledge: Other News Mentions

Carlos Ghosn Carlos Ghosn French-Brazilian-Lebanese businessman, former chairman of Renault–Nissan–Mitsubishi Alliance

Ghosn offers executive training in Lebanon [Video]

Ghosn offers executive training in Lebanon

Carlos Ghosn, the former Nissan and Renault head who fled Japan where he was facing trial, is launching a university business program in Lebanon. Edward Baran reports.

Credit: Reuters Studio    Duration: 01:13Published
Nissan executive pleads not guilty at Ghosn fraud trial in Japan [Video]

Nissan executive pleads not guilty at Ghosn fraud trial in Japan

Credit: FRANCE 24 English    Duration: 01:39Published

Nissan Nissan Japanese automobile manufacturer

A.I. helps businesses recover from the lockdown – And can Nissan take on Tesla? [Video]

A.I. helps businesses recover from the lockdown – And can Nissan take on Tesla?

How is A.I. and automation helping businesses bounce back post-lockdown? And does Nissan have a car to take on Tesla?

Credit: Euronews English    Duration: 08:00Published
Nissan's new emergency relief vehicle: Re-Leaf [Video]

Nissan's new emergency relief vehicle: Re-Leaf

Nissan has built a prototype electric emergency response vehicle that canprovide power following natural disasters.

Credit: PA - Press Association STUDIO    Duration: 00:59Published
Nissan seeks to reclaim Fairlady Z magic with new Z Proto [Video]

Nissan seeks to reclaim Fairlady Z magic with new Z Proto

Nissan on Wednesday revealed its much-talked about Z Proto which gives a glimpse into what the successor of the 370Z would be like once it does hit the production lines.

Credit: HT Digital Content    Duration: 02:38Published

Lebanon Lebanon Country in the Middle East

Muslims riot across the world to protest French cartoons

Tens of thousands of Muslims, from Pakistan to Lebanon to the Palestinian territories, poured out of prayer services to join anti-France protests on Friday, as..
New Zealand Herald

Lebanese president's daughter 'doesn't mind' conditional peace with Israel

Claudine Aoun Roukoz, daughter of Lebanese President Michel Aoun and head of the National Commission for Lebanese Women, stressed that she would "not mind" if..
WorldNews

US welcomes Estonian sanctions on Lebanon’s Hezbollah

The United States has welcomed Estonia’s move to sanction Lebanon’s Hezbollah and recognise the militant group as a terrorist organisation, following similar..
WorldNews
Saad Hariri renamed as Lebanon PM a year after stepping down [Video]

Saad Hariri renamed as Lebanon PM a year after stepping down

PLEASE EDITHariri named prime minister following consultations by President Michel Aoun with the various parliamentary blocs.

Credit: Al Jazeera STUDIO    Duration: 02:27Published

Today in History for October 23rd

Highlights of this day in history: Suicide blast kills U.S. Marines and sailors in Lebanon; Students in Hungary spark Cold War revolt; President Richard Nixon..
USATODAY.com

Beirut Beirut Capital and chief port of Lebanon

Four dead and several injured in fuel tank explosion in Lebanon [Video]

Four dead and several injured in fuel tank explosion in Lebanon

Four people died and several more were injured when a fuel tank exploded in a building basement in the Lebanese capital Beirut

Credit: Euronews English    Duration: 01:05Published
Local NGOs rally to rebuild Beirut in wake of port explosion [Video]

Local NGOs rally to rebuild Beirut in wake of port explosion

Lebanon’s political instability, failing economy, and the economic impact of the COVID-19 pandemic has pushed the Lebanese pound to lose 80% of its value, since August, according to the Associated Press.View on euronews

Credit: euronews (in English)    Duration: 02:59Published
Music tribute resonates across Beirut [Video]

Music tribute resonates across Beirut

Music from a destroyed church echoed through Beirut on Tuesday to mourn those lost in the August 4 port explosion and to pray for those who were wounded.

Credit: Reuters Studio    Duration: 01:18Published
'Completely flattened' - British aid worker describes Beirut rescue mission [Video]

'Completely flattened' - British aid worker describes Beirut rescue mission

Volunteer Suzie Cooper describes what it was like rescuing people andassessing half-toppled buildings in the aftermath of the Beirut explosion inearly August. She spoke with the PA news agency just hours before the Lebanesecapital was hit by a second disaster - a huge fire in the port just a monthafter the blast.

Credit: PA - Press Association STUDIO    Duration: 01:24Published

Related news from verified sources

Nissan Sues Carlos Ghosn for $90 Million

The automaker said it was trying to recoup monetary damages its former chairman had inflicted on the...
NYTimes.com - Published Also reported by •Newsy


Nissan files $91M lawsuit against former Chairman Carlos Ghosn

Nissan files $91M lawsuit against former Chairman Carlos Ghosn Nissan on Wednesday filed a $91 million lawsuit in Japan against former Chairman Carlos Ghosn. The...
MotorAuthority - Published

Nissan sues Ghosn, seeking damages for property, jet use

TOKYO (AP) — Nissan filed a civil suit Wednesday seeking 10 billion yen ($91 million) in damages...
Seattle Times - Published


Tweets about this


Related videos from verified sources

Nissan Sues Former Chairman Carlos Ghosn Over 'Corrupt' Actions [Video]

Nissan Sues Former Chairman Carlos Ghosn Over 'Corrupt' Actions

Nissan is suing its former chairman Carlos Ghosn for $90 million over his alleged misconduct.

Credit: Rumble     Duration: 01:22Published