Tag Archives: Judge Delays Final Approval

Toyota Judge Delays Final Approval of $1.1 Billion Agreement

Final approval of Toyota’s $1.1 billion settlement of claims that recalls for unintended acceleration hurt the value of U.S. customers’ vehicles will be delayed, a judge said.

The settlement would resolve the economic-loss portion of the Toyota sudden-acceleration litigation. Class, or group, actions were filed on behalf of Toyota owners who contended the company drove down the value of their vehicles by failing to disclose or fix defects.