Nissan Wins New Trial on Fraud Claims After $256 Million Award

April 30, 2021, 12:18 AM

Nissan Motor Acceptance Corp. is entitled to a new trial on a dealership’s fraud claims because the jury’s $256.45 million award was likely influenced by juror misconduct, a California appellate court said Thursday.

NMAC, a specialty lender for Nissan auto dealers, had a mutually prosperous relationship with a chain of California dealerships owned by Michael Kahn.

When the economic recession hit in 2008, Kahn’s group of dealerships, Superior Automotive Group LLC, experienced a 40% drop in sales, and by the end of the year it owed NMAC around $4.5 million.

According to Kahn, NMAC orally agreed to continue financing Superior...

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