Take a bow lawyers from Paul, Weiss, Rifkind, Wharton & Garrison; Cleary Gottlieb Steen & Hamilton and Latham & Watkins, who negotiated a settlement with the U.S. Securities and Exchange Commission on behalf of former Nissan CEO Carlos Ghosn and the Japanese automaker.
The SEC on Monday announced that Nissan will pay a $15 million civil penalty and Ghosn will pay $1 million and be subject to a 10-year officer and director bar. Former Nissan director Greg Kelly, who was represented by Neal & Harwell, will pay a $100,000 penalty, face a five-year officer and director bar and a five-year suspension from practicing or appearing before the SEC as an attorney.
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