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Ghosn files pension claim suit against Renault

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Ghosn files pension claim suit against Renault

Former Renault SA Chairman and CEO Carlos Ghosn has filed legal charges against the French carmaker in an attempt to claim a €250,000 pension payment, the Financial Times reported Jan. 14, citing French newspaper Le Figaro, which first reported the cases along with an interview with Ghosn.

According to the report, Ghosn's lawyers will argue that he is entitled to the payment despite resigning in January 2019, while he was incarcerated in Japan for alleged financial misconduct.

The lawsuit was filed to France's labor court ahead of Ghosn's escape from Japan, the newspaper added.

Lawyers of the former automotive executive are also reportedly expected to file another case this month that will argue that Ghosn should receive a yearly pension of €770,000 and €15.5 million worth of shares that would have paid out if he remained in his posts.

According to the FT, the employment tribunal will focus on Ghosn as an employee of Renault and not as a "corporate officer," a title he held as chairman and CEO.

Ghosn is not required to attend the case hearing, which is expected to take place by the end of February, the report added.

Renault did not immediately respond to S&P Global Market Intelligence's request for comment.