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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