Wednesday, February 12, 2020

Carlos Ghosn Lawsuit

Former Nissan executive, Carlos Ghosn, has been served a $90 million dollar lawsuit. The once successful businessman has been accused of financial wrongdoings for the company. Ghosn has been convicted of spending company money to throw extravagant half million dollar parties, pay for his children's tuition, pay for his own wedding, and cover many other personal expenses. After being convicted in Japan, Ghosen hopped on a private plane and fled to his home country Lebenon. The International Police Organization was able to find him and continue with the prosecution. Currently Ghosn is in Lebenon and refuses to begin trial in Japan where the conviction rate is 99%. Since the allegations, Nissan stock has plummeted substantially and looks to restore some of the companies losses through this lawsuit.

https://www.nytimes.com/2020/02/12/business/nissan-carlos-ghosn-lawsuit.html

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