This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Nissan, former CEO, director charged for concealing more than $140 million of compensation, retirement benefits from investors

( September 23, 2019, 19:51 GMT | Official Statement) -- MLex Summary: Nissan, former CEO Carlos Ghosn, and its former director Greg Kelly have agreed to settle fraud charges by the US Securities and Exchange Commission, related to false financial disclosures that fraudulently concealed more than $140 million to be paid to Ghosn in retirement, the SEC said. According to the SEC's orders and complaint, from 2009 until his arrest in November 2018, Ghosn, with help 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 his own retirement allowance by more than $50 million. "Investors are entitled to know how, and how much, a company compensates its top executives, Ghosn and Kelly went to great lengths to conceal this information from investors and the market," said Stephanie Avakian, Co-Director of the SEC's Division of Enforcement.Statement follows below:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login