Toyota Class Action Suit
According to The Washington Post, attorneys working on a class-action lawsuit against Toyota claim that the company has known about issues of unintended acceleration in its vehicles since as early as 2003. The lawyers have reportedly discovered a field report written seven years ago by a technician that outlined an instance of unintended acceleration. The report allegedly called for immediate action due to how dangerous the problem cou
Last Friday, Toyota's stock closed at $79.56. That represents a 12-percent drop in market capitalization. For those keeping track, that's a loss of $15 billion. Naturally, there are a number of none-too-pleased shareholders hanging on to their stock in the Japanese automaker.
"When we talked with Toyota owners, they all voiced the same desire – to drive the car back to the lot, hand them the keys and pick up a check." So says Steve Berman, a lawyer from Seattle who has filed a class action lawsuit against Toyota on behalf of "dozens" of owners in Arizona and Washington. Fat chance, right?
2010 Toyota Prius – Click above for high-res image gallery
And the Toyota beat rolls on. Or should we say the Toyota beat down rolls on. Check this out: a group of Toyota owners (and leasers) have asked a judge to file a class action suit demanding that until their accelerator pedals are fixed, Toyota should pick up the tab for the recalled cars. That's right, some folks in Cincinnati feel they shouldn't have to make any payments to Toyota until their cars