Friday, May 14, 2021

Summary of facts (5)

 The meaning of the 10 billion yen lawsuit

I'm sorry for Nissan's shareholders, but I heard this news and bursted
into laughter.
Ghosn claims that Nissan will go bankrupt within two years.
In fact, stock prices have been on a long-term decline since the coup.This is a clear warning signal when Toyota is on the rise and Honda is flat.
The public will not be convinced of the lawsuit of 10 billion yen, but the important thing is not to secure 10 billion yen in receivables, etc. Is a lawsuit seeking responsibility.
Even in the case of a public breach, the prosecution and the courts are trying to avoid it, and it is obvious how stupid that another riot police sought responsibility for the breach.

Neither the media nor the public know that this legal riot police is the backdrop of the Ghosn case.
With the emergence and rush of this unit, Nissan has launched a number of litigation cases worldwide that do not seem like commercial companies.
For-profit companies usually calculate a company's reputation and avoid litigation.
In particular, we do not pursue liability suits because we cannot expect them to be cost-effective.

The fact that it is truly ridiculous as a corporate act means that this case will take five to ten years to conclude, during which time it is highly possible that Nissan itself will disappear and disappear.
In other words, the initial payment of 300 million yen per person for the attorney lawyer and 1.5 billion yen per person for five lawyers.
After that, even if the annual expenses are spent, the lawsuit has no chance of winning.
If such high-risk investments are made by company executives, the company will just go bankrupt.

The lawsuits for damages against officers in corporate lawsuits are very difficult .

It is based on the approval of the Board of Directors, and unless the owner is a well-managed entrepreneur, the damages to the company can be regarded as the responsibility of one representative director.
Because it is difficult.
The lawyer who undertakes the lawsuit can even affirm that he or she does not know the Companies Act.

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