March 28, 2024

Business Briefing | Automobiles: Toyota Deal Tied to Acceleration Advances

A federal judge gave preliminary approval Friday to a $1 billion-plus settlement with Toyota Motor in unintended acceleration cases, a plaintiffs’ lawyer said. The lawyer, Steve Berman, said Judge James V. Selna of United States District Court gave the approval. Toyota has said the deal, announced Wednesday, will resolve hundreds of lawsuits from motorists who said the value of their Toyotas fell after recalls were made as a result of unintentional acceleration.

Article source: http://www.nytimes.com/2012/12/29/business/toyota-deal-tied-to-acceleration-advances.html?partner=rss&emc=rss

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