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. Natrona Bottling Co. keeps soda pop operation small, putting effort into craft, taste
  2. Mortgage in reach despite few dings
  3. EDMC loses $664M; executives receive six-figure bonuses
  4. PPG Industries to buy Westmoreland Supply paint store chain
  5. Student loan debt presents paradox
  6. Large-scale batteries are integral in shift to renewable energy
  7. Open enrollment puts varied impact of health care law back in focus
  8. Energy Spotlight: Steve Anthos
  9. Stock market recovers from early loss
  10. 2015 Mercedes C300 sets high mark for luxury compacts
  11. Plastics, tech sectors crucial to cracker plants
Subscribe today! Click here for our subscription offers.