TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

$1B-plus deal nearly finalized in Toyota cases

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By The Associated Press
Saturday, July 20, 2013, 12:01 a.m.
 

A California judge said he is finalizing a settlement worth more than $1 billion in cases where motorists say the value of their Toyotas plunged after recalls over claims they unexpectedly accelerated.

U.S. District Judge James Selna approved the deal Friday.

Hundreds of lawsuits have been filed against Toyota since 2009, when the Japanese automaker started receiving numerous complaints that its cars accelerated on their own, causing crashes, injuries and even deaths.

Toyota has denied the allegations, blaming driver error, faulty floor mats and stuck accelerator pedals for the problems.

More than 14 million vehicles have been recalled since the claims surfaced.

Some wrongful-death cases remain, with one expected to start in a California courtroom next week.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Farmers fund research on gluten-free wheat
  2. Corporate missteps hurt reputations, profits, sometimes in long run
  3. Venting online about job protected
  4. Home appraisal is below sales price — now what?
  5. If you get this letter from the IRS, it’s legitimate
  6. France plane crash victim’s father calls for airlines to focus on pilot welfare
  7. Stafford: Hirers bemoan wasted time with some applicants
  8. Tourists rush to visit Cuba before American influence felt
  9. Falling demand for steel not likely to reverse any time soon
  10. Komando: Boost cellphone signal when nixing landline
  11. Heinz merging with Kraft in mega-deal; headquarters to stay in Pittsburgh