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Toyota settles sticky acceleration suit

  • Toyota (TM -0.8%) settles an Oklahoma lawsuit over unintended acceleration issues that a jury found caused the plaintiff to crash and undergo injuries in 2007. The jury had ordered Toyota to pay $3M in damages and was deliberating on the question of punitive damages when an undisclosed settlement was reached.
  • The case is the first loss for Toyota after jurors in 2 earlier trials in New York and California absolved it of liability. Roughly 200 class actions and 500 individual suits have been filed against the car maker since 2009.
  • Toyota ponied up $1.6B to settle economic loss claims (repairs, lower resale values, etc.) previously.
Comments (1)
  • Toyo
    , contributor
    Comments (2) | Send Message
     
    These people are getting away with murder.Toyota cars & trucks put the Little 3 to shame with superior products.Americans are usung the system by hiring these crooked attorneys to get settlements that are only for the greedy ones.This is a sick society & we look to the Middle east as being sickos.We have them here with our justice system.
    27 Oct 2013, 11:47 PM Reply Like
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