Toyota Class Action Lawsuits Could Cost Auto Maker $3B: AP Report – AboutLawsuits.com

Posted by Global EDD Group on March 10, 2010 · Leave a Comment 

Class action litigation springing from Toyota recalls over unintended acceleration could end up costing the company $3 billion or more, according to an Associated Press report.

The Japanese automaker currently faces at least 89 Toyota class action lawsuits sparked by recalls involving problems with Toyota gas pedals and brakes. An analysis done by the Associated Press estimates that the company’s legal bills on those cases alone could top $3 billion, and that does not include the costs of a number of individual Toyota accident personal injury lawsuits, product liability lawsuits and wrongful death lawsuits that have also been filed against the company.

Toyota has recalled about 9 million Toyota and Lexus vehicles since September 2009. About 8.5 million of those vehicles were recalled due to problems with sudden acceleration, which the National Highway Transportation Safety Administration (NHTSA) says have been involved in as many as 52 deaths. More than 400,000 additional Toyota Prius and Lexus HS250h vehicles have also been recalled due to brake problems.

via Toyota Class Action Lawsuits Could Cost Auto Maker $3B: AP Report – AboutLawsuits.com.

Filed under From The News · Tagged with , , , , , , ,

About Global EDD Group
Global Electronic Discovery & Disclosure Group provides legal technology services for matters with a national or international scope, specializing in remote and onsite services ranging from data identification to document review. http://www.globaledd.com/

Comments are closed.