Categorized | Civil Justice Update

Toyota reaches settlement in Utah crash sudden-acceleration lawsuit.

Bloomberg News (1/17, Callahan, Fisk) reports, “Toyota Motor Corp. (7203) agreed to settle a sudden-acceleration lawsuit stemming from a 2010 fatal crash in Utah that was scheduled to go to trial in February, an attorney for the plaintiffs said.” According to Bloomberg, “Since November, the company has resolved at least two other unintended-acceleration lawsuits, agreeing to pay more than $1 billion to settle claims over economic losses to car owners and investors.” The story recounts that Toyota “recalled more than 10 million vehicles for problems related to unintended acceleration in 2009 and 2010, starting with a September 2009 announcement that it was recalling 3.8 million Toyota and Lexus vehicles because of a defect that may cause floor mats to jam accelerator pedals.”

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