For Toyota, Quake Could Carry D&O Implications

Law360, New York (March 17, 2011, 9:49 PM EDT) -- While auto industry losses from the devastating earthquake in Japan will center largely on property and business, Toyota Motor Corp., still on the outs with shareholders, may find itself leaning on a less obvious line of coverage — directors and officers liability, experts say.

Still reeling from a string of recalls that caused its stock to plummet and lawsuits to surge, Toyota could be questioned by shareholders on its preparation for the magnitude 9.0 quake that rocked Japan's northeastern coast on March 11, according to attorneys...
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