Attorney: Settlement Reached In Toyota Recall Case

LOS ANGELES (AP) — A plaintiffs’ attorney says Toyota Motor Corp. has reached a settlement in a case involving hundreds of lawsuits over accelerations problems.

Steve Berman said Wednesday the settlement, which still needs a federal judge’s approval, was worth more than $1 billion and is the largest settlement in U.S. history involving automobile defects.

Toyota has recalled more than 14 million vehicles worldwide due to acceleration problems in several models and brake defects with the Prius hybrid. Toyota has blamed driver error, faulty floor mats and sticky accelerator pedals for the unintended acceleration.

A phone message left with Toyota’s attorneys was not immediately returned.

Copyright 2012 The Associated Press.

Comments

One Comment

  1. insiderhedge says:

    Reblogged this on Insider Hedge.

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Sacramento

Get Our App
Get The CBS Sacramento Weather AppGet the latest radar, CBS13 AppCasts and hour-by-hour forecasts. You can also send your weather pics.

Listen Live