Toyota Class Action
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
Following a statement from the DOT and NHTSA asserting that the unintended acceleration issue potentially involving millions of Toyota vehicles is "not closed," McCuneWright, LLP, a law firm in Southern California, has filed a national class action lawsuit on behalf of a