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. 

The SEC alleged that from 2009 until his arrest in Tokyo in November 2018, Ghosn, "with substantial assistance from Kelly and subordinates at Nissan, engaged in a scheme to conceal more than $90 million of compensation from public disclosure, while also taking steps to increase Ghosn's retirement allowance by more than $50 million."