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Court approves Toyota’s $1.6B settlement

Posted on July 29th, 2013 No Comments

Toyota Motor Corp. was able to settle with plaintiffs to the tune of $1.6 billion for its unintended acceleration vehicle defects after U.S. District Judge James Selna agreed to the settlement.

Selna had previously delayed making an official court decision in June, saying he still had to properly document how the money would be distributed. Last September, Toyota released a statement saying it would pay $1.1 billion to cover the costs of the vehicle acceleration settlement.

A settlement request, which was submitted for final approval, submitted by plaintiff lawyers on April 23 included  $757 million in cash, including $227 million in attorneys’ fees and costs and $875 million in non-monetary benefits. The request also included free brake override system installation for eligible cars.

Get in touch with a lawyer from Stepleton Dugan, LLC, by calling 513-321-7733 if you have been injured by a defective vehicle in Cincinnati and are considering taking legal action against the negligent auto manufacturer.

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Stepleton Dugan, LLC
6071 Montgomery Road
Cincinnati, OH 45213

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