Nissan, Investors Reach $36 Million Deal to End Securities Suit

Nissan Motor Co. Ltd. investors who say the company misled them about an alleged executive compensation scheme asked a federal judge in Tennessee for permission to move ahead with a $36 million deal resolving their securities dispute.

The cash settlement provides “significant relief” and represents a “substantial proportion of reasonably recoverable damages,” the Japanese automaker’s investors said in a memo filed in support of their preliminary settlement approval bid in the U.S. District Court for the Middle District of Tennessee.

Investors accuse Nissan of making misleading statements about former chairman Carlos Ghosn’s purported scheme to increase his pay through deferred ...