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Settlement Regarding Unintended Acceleration Disclosures

According to an article in today’s (February 7, 2014) Wall Street Journal, titled “Toyota Nears Deal to Settle Probe of Recall Disclosures,” Toyota is close to finalizing a deal to pay more than $1 billion to end a U.S. government criminal investigation of how it disclosed drivers’ complaints of unintended acceleration.

Notable excerpts from the article include the following:

In 2012, Toyota reached a settlement in a class-action suit, agreeing to pay $1.1 billion to car owners who alleged they had suffered economic damage when their vehicles lost value after the claims came to light. Roughly 400 lawsuits alleging personal injury or wrongful death stemming from unwanted acceleration issues are still pending, according to attorneys involved in the litigation.


also:

Toyota stepped up efforts to resolve outstanding claims related to the issue after it lost a wrongful-death civil case in Oklahoma last October. That verdict was seen by legal observers on both sides of the battle as complicating Toyota’s legal prospects in future cases.

The auto maker moved overnight to settle that suit for an undisclosed amount after the jury ruled in favor of the plaintiffs, but before they could award punitive damages.

Additional details and possible updates can be seen in a variety of media sources, including the Wall Street Journal article mentioned above, as well as the February 8, 2014 UPI.com article titled “Settlement would end probe on how Toyota handled recalls.”

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Elman Law Group LLC (ElmanLaw.com) concentrates in Personal Injury and Wrongful Death cases involving vehicle accidents (car, motorcycle, bike, bus, pedestrian, truck, etc.) This intense focus allows us to consistently achieve winning verdicts and settlements for our clients.

Should you be involved in a car accident, there are certain actions you should take in order to protect your rights. You should not assume – especially without proper legal representation – that you will receive appropriate compensation for your injuries, hardships and/or losses. To speak directly with a trial lawyer from Elman Law Group immediately, call (773) 392-8182 at any time. There is no fee for this consultation.