Mid-America Catastrophe Services

Toyota Settles Acceleration Case After $3 Million Verdict

 Monday, October 28, 2013

 Reuters

Toyota Motor Corp (7203.T) reached a deal on Friday to resolve a lawsuit in the United States over unintended acceleration issues, one day after a jury found the Japanese carmaker liable and ordered it to pay $3 million for defects that caused a 2007 fatal crash. A jury in Oklahoma on Thursday ordered the company to pay $3 million in compensatory damages to Jean Bookout, a driver injured in the 2007 crash, and the family of Barbara Schwarz, who was killed. Jurors were scheduled to resume deliberating on Friday on whether to award punitive damages against Toyota. Before the jury could reach a decision, Toyota and lawyers for the plaintiffs announced they had reached a confidential settlement to resolve the case.
The lawsuit is one of the first involving acceleration issues to go to trial since similar concerns prompted Toyota to begin in 2009 to recall millions of vehicles.
AutoLitigationLiability
BROWSE RELATED NEWS ARTICLES

Toyota Nears $1 Billion Deal to End Probe

 Tuesday, February 11, 2014

 The Wall Street Journal

Toyota Faces First Trial Over Acceleration-Linked Death

 Thursday, August 8, 2013

 Bloomberg

Toyota Finalizes $29 Million Multi-State Settlement Over Acceleration

 Friday, February 15, 2013

 Insurance Journal

Toyota seeks to settle acceleration case for $1.1 billion

 Thursday, December 27, 2012

 Reuters

Toyota wins first U.S. jury verdict over acceleration

 Monday, April 4, 2011

 Business Insurance

Toyota: Acceleration Complaints Drop 80%

 Thursday, October 7, 2010

 Insurance Journal

Allstate sues Toyota over acceleration claims

 Tuesday, October 5, 2010

 Reuters