Nissan and Carlos Ghosn settle SEC claims over undisclosed compensation

Filed under: Government/Legal,Hirings/Firings/Layoffs,Mitsubishi,Nissan,Renault

Nissan Motor Co and its former Chief Executive Carlos Ghosn have agreed to settle claims from the U.S. Securities and Exchange Commision over false financial disclosures related to Ghosn's compensation, an SEC statement said on Monday. Nissan will pay $15 million, while Ghosn agreed to a $1 million civil penalty and a 10-year ban from serving as an officer or director of a publicly traded U.S. company, the SEC statement said.

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