Ghosn Reportedly Seeks Damages Over Dutch Contract

Ghosn reportedly seeks damages over Dutch contract

A French newspaper report says Nissan Motor's former chairman Carlos Ghosn is suing the firm and Mitsubishi Motors for damages over the cancelation of his employment contract with the two companies' joint venture in the Netherlands.

Le Figaro said in its online edition on Wednesday that Ghosn filed the lawsuit with a court in Amsterdam, seeking up to 15 million euros, or more than 16 million dollars, in damages.

The report also says Ghosn is arguing that the contract with Nissan-Mitsubishi B.V. was unfairly canceled.

In January, Nissan said Ghosn had improperly received compensation under a contract he signed without the approval of its board of directors.

Nissan added that it would seek the return of the payment, totaling nearly nine million dollars.

Nissan President Hiroto Saikawa and then-Mitsubishi Motors CEO Osamu Masuko were also board members at the joint venture, but say they received no allowances from the Netherlands-based firm.

Nissan has declined to comment on the report.