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Wed Dec 26, 2012, 06:51 PM

Settlement reached in Toyota acceleration cases [View all]

Source: Associated Press

LOS ANGELES (AP) Toyota Motor Corp. said Wednesday it has reached a settlement worth more than $1 billion in a case involving hundreds of lawsuits over acceleration problems in its vehicles.

The company said in a statement that the deal will resolve cases involving motorists who said the value of their vehicles was adversely affected by previous recalls stemming from sudden acceleration problems.

Lawyer Steve Berman, a plaintiffs' attorney, said the settlement is the largest settlement in U.S. history involving automobile defects.

"We kept fighting and fighting and we secured what we think was a good settlement given the risks of this litigation," Berman told The Associated Press.

Read more: http://www.sfgate.com/news/us/article/Settlement-reached-in-Toyota-acceleration-cases-4147042.php

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Reply Settlement reached in Toyota acceleration cases [View all]
IDemo Dec 2012 OP
MightyMopar Dec 2012 #1
Auntie Bush Dec 2012 #3
MightyMopar Dec 2012 #4
HooptieWagon Dec 2012 #2
MightyMopar Dec 2012 #5
reACTIONary Dec 2012 #6