wrongful death suit
Class Action Lawsuit against Toyota Results in $1.6 Billion Settlement
A judge in Orange County, Calif., approved a $1.6 billion settlement in a class action lawsuit filed by thousands of consumers against Toyota because the value of their vehicles plummeted after the automaker’s large-scale recalls for sudden acceleration issues, UPI reports. This decision does not affect those who have filed a personal injury or wrongful death lawsuit against Toyota. The settlement will, however, result in payments to those who are included in the class-action lawsuit for the depreciation of the value of their vehicles.
Toyota owners who suffered financial losses when selling or trading in their vehicles because of the auto defects will now receive compensation from the Japanese auto manufacturer. According to The New York Times, individual payments will be between $125 and $10,000 depending on how much the vehicle depreciated in value.
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