Tag Archives: settlements


Toyota to Settle Accelerator Case for $1.4 Billion

Toyota agreed on Dec. 26 to settle a class action accusing the auto maker of selling cars that are defective because they suddenly accelerate. The total settlement amount is a reportedly record-breaking $1.4 billion, and while months remain before it is finally approved, a judge granted preliminary approval Dec. 28.   Error Hard to Find Toyota faced a raft of legal problems following reports in 2009 and 2010 that its cars were unintentionally accelerating and causing horrible accidents. Congressional hearings, …

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