Class Actions Blog

Posts Tagged ‘Toyota’

Toyota unintended acceleration class notices being mailed out

Posted on: March 12th, 2013 by Steve Larson

Fotolia CarA class of approximately 20 million Toyota vehicle owners should begin receiving notices of the $1 billion class settlement, which alleged that Toyota’s much-publicized unintended acceleration problems caused the value of Toyota vehicles to decline. 

While denying any wrongdoing, Toyota has agreed to compensate current and former owners and lessees of many Toyota, Lexus and Scion vehicles.  A list of the models, years covered, paperwork, and important deadlines relevant to making a claim, is available from this website:

www.ToyotaELSettlement.com

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Toyota settles unintended acceleration economic claim for $1.1 billion

Posted on: February 1st, 2013 by Steve Larson

Fotolia CarToyota Motor Corp. said on December 26, 2012 that it would spend $1.1 billion to settle a sweeping class action lawsuit by owners of millions of vehicles that were recalled for problems with unintended acceleration.

The agreement, filed in federal court in California, was called one of the largest product-liability settlements in history. Read more…

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Toyota settles unintended acceleration case for $1.1 billion

Posted on: January 22nd, 2013 by Steve Larson

Fotolia CarToyota Motor Corp has agreed to spend $1.1 billion to settle sweeping U.S. classaction litigation over claims that millions of its vehicles accelerate unintentionally, as the Japanese automaker seeks to move past the biggest safety crisis in its history.  Shares of Toyota rose nearly 3 percent in Tokyo following the news, with some investors saying the settlement removed one uncertainty for the company and looked manageable given its improving sales outlook and a weaker yen. Read more…

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Toyota agrees to settle shareholder class action for $25.5 million

Posted on: November 16th, 2012 by Steve Larson

Toyota Motor Corp. has agreed to settle a shareholder class action lawsuit related to its sudden acceleration problems for $25.5 million.  The settlement would put to rest allegations that the company hurt the value of its stock by hiding defects and other safety problems as well as by not acting swiftly to address vehicles that accelerated out of control.

Those problems came to the surface in late 2009 following a horrific San Diego County accident that killed a family of four in a Lexus. Read more…

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Judge Selna rejects Toyota’s attempt to force automobile buyer’s claims to arbitration

Posted on: March 2nd, 2012 by Steve Larson

The judge to whom the MDL panel sent all the Toyota unintended acceleration cases to, Judge Selna, ruled tentatively that Toyota Motor Corp. can’t force named plaintiffs in a purported class-action lawsuit over alleged losses from unintended sudden acceleration to arbitrate their claims rather than proceed to trial.

U.S. District Judge James Selna in Santa Ana, California, said in a tentative ruling yesterday that Toyota waived its right to compel arbitration for 15 of the 20 plaintiffs and that, for the remaining five, the carmaker wasn’t a party to the arbitration agreements between the plaintiffs and the Toyota dealers.  A hearing is scheduled February 27 in federal court in Santa Ana, where Toyota’s lawyers may try to persuade the judge to change his decision.  Read more…

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Trial set for economic damages claims in Toyota class action

Posted on: October 28th, 2011 by Steve Larson

A proposed class action alleging economic losses on behalf of consumers in California and a few other states, caused by alleged sudden, unintended acceleration by Toyota vehicles, will begin in July 2013, the federal judge overseeing the multidistrict litigation said on October 11, 2011.

U.S. District Judge James Selna in Santa Ana, California, told the parties that a class action would be the second case to go to trial, following a personal injury and wrongful death action that he previously had scheduled for February 19, 2013. Read more…

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  • Steve Larson

  • Steve Larson
  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
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