Toyota Wins Preliminary Approval of $1.1 Billion Recall Accord

  Friday, June 14th, 2013 Source: Bloomberg.com

Toyota Motor Corp. and lawyers suing the company persuaded a judge to give preliminary approval to a $1.1 billion settlement of claims that recalls for unintended acceleration hurt the value of U.S. customers’ vehicles. The terms of the settlement filed Dec. 26 are “fair, reasonable and adequate,” U.S. District Judge James V. Selna in Santa Ana, California, said yesterday in granting preliminary approval. Final approval will be determined following a fairness hearing set for June 14, Selna said. The settlement resolves the economic-loss portion of the Toyota sudden-acceleration litigation. Class, or group, actions were filed on behalf of Toyota owners who contended the company drove down the value of their vehicles by failing to disclose or fix defects.

  Read Full Article
SOS Ladder AssistMid-America Catastrophe ServicesU.S. ForensicNationwide Overspray

  Recent Provider Listings

Serving California Statewide
California Fire Investigations
Serving Orange & Surrounding Counties
Florida Contents Inventory And Valuation Services
Serving California & Nevada Statewide
California Adjusters