Also you may have heard Toyota settled their acceleration case for $1.4B. Guess who won the case?
SUSMAN GODFREY OBTAINS $1.4
BILLION SETTLEMENT IN TOYOTA
UNINTENDED ACCELERATION CLASS
ACTION
Toyota Motor Corporation has agreed to pay benefits
worth up to $1.4 billion to settle multi-district class
action litigation pending in federal court in Santa Ana,
California. In the litigation, plaintiffs asserted claims for
economic losses associated with unintended
acceleration problems reported in certain Toyota, Lexus
and Scion vehicles. The settlement includes $250
million for vehicle owners who sold their cars during a
specified period, another $250 million for vehicle
owners whose vehicles are not eligible for a brakeoverride system, and an expanded customer support
program for current vehicle owners, among other
benefits.
United States District Judge James V. Selna, who is
presiding over the litigation, appointed Marc M. Seltzer
of Susman Godfrey L.L.P. to serve as one of plaintiffs’
Co-Lead Counsel for the Class plaintiffs in litigation.
Working together with our other Co-Lead Counsel, we
were able to achieve this historic settlement.
On December 28, 2012, the Court granted preliminary
approval to the settlement. A fairness hearing is
scheduled for June 14, 2013, on plaintiffs’ application for
final approval of the settlement.
Further information about the settlement is available at
www.toyotaelsettlement.com. Class members should
check the settlement website regularly for updates and
further details regarding the litigation.
