Request Legal Help Now - Free

Advertisement
LAWSUITS NEWS & LEGAL INFORMATION

Toyota Agrees $25.5M Settlement in Securities Class Action Lawsuit


This is a settlement for the Securities/Stock Fraud lawsuit.

Los Angeles, CA: A $25.5 million settlement has been agreed by Toyota Motor Corp, potentially ending a securities class action lawsuit brought against the automotive manufacturer over allegations that it failed to disclose information on safety and quality of its products that were subject to a recall in 2010.

The settlement is pending approval in US district court and, if approved, would resolve the lawsuit which claimed Toyota manufactured thousands of vehicles that that accelerated on their own. The first plaintiffs in the Toyota investors lawsuit originally filed in February 2010 after Toyota recalled up to 10 million Toyota and Lexus automobiles.

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in our form.
Published on Dec-4-12


ADD YOUR COMMENT ON THIS ISSUE

Please read our comment guidelines before posting.


Note: Your name will be published with your comment.


Your email will only be used if a response is needed.

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.

Request Legal Help Now! - Free