Nissan Motor Co., its ousted chairman Carlos Ghosn and former director and in-house lawyer Greg Kelly have agreed to pay a combined $16.1 million to the U.S. Securities and Exchange Commission to settle fraud allegations.

Ghosn and Kelly allegedly schemed to hide more than $140 million in compensation and retirement benefits that Ghosn stood to collect, according to the SEC. Kelly, who has been described as Ghosn’s right-hand man, joined Nissan in 1988 as the senior legal manager and deputy lawyer of the Japanese carmaker’s North American division.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]