Filed under:
Government/Legal,
Toyota,
Earnings/Financials
Slowly, the many loose threads still dangling after the unintended acceleration issue
Toyota faced a few years ago are being resolved. The Orange County District Attorney's office was believed to be the first DA's office
to take Toyota to court, its
suit alleging that Toyota knew its cars had defects and continued to sell them. The suit sought to "permanently enjoin Toyota from continued unlawful, unfair, deceptive, and fraudulent business practices as it pertains to both consumers and competitors" and asked for $2,500 "for every violation of the Unfair Business Practices Act," plus costs.
That suit has now been settled, Toyota - without admitting fault or wrongdoing - agreeing to pay $16 million to the county. Half of the money will go to the Orange County Gang Reduction Intervention Partnership, another four million dollars to the OC DA's office to investigate economic crime, the remaining four million being used to pay for the case.
Toyota unintended acceleration lawsuit settled for $16M originally appeared on
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Report: Toyota unintended acceleration lawsuit settled for $16M
