- Owners of Toyota (NYSE:TM) vehicles across the country impacted by the Toyota Unintended Acceleration Economic Loss Settlement have received checks over the last week or two.
- Most of the checks to cover the economic loss over the issue which arose in 2009 fall in the modest $15 to $30 range.
- A thought-provoking op-ed piece in The Wall Street Journal puts the settlement in perspective by highlighting the vast discrepancy between the $227M awarded to attorneys vs. the roughly $395K that went to primary plaintiffs and owners represented in the class action.
- An even more bitter pill for Toyota shareholders and car owners to swallow is that the unintended acceleration case was a settlement which stood a chance in court of going the way of the automaker due to the results of several inconclusive investigations.