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.

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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. LNG exports get federal approval from Dominion’s Cove Point terminal
  2. Hospitals, doctors in Pa. received $32M in 5 months from drug, medical device companies
  3. Google Pittsburgh instrumental in fight against hackers, co-directors say
  4. Cranberry-based Prodigo Solutions: Hospitals can reduce high supply costs
  5. Consol, Noble spinoff raises $385 million in IPO
  6. EPA says greenhouse gas releases from wells, pipelines decline
  7. Education spending helps to widen wealth gap
Subscribe today! Click here for our subscription offers.