$250M Toyota Defect Deal Falls Short, Class Members Say

Law360, Los Angeles (May 14, 2013, 4:05 PM EDT) -- Several class members on Monday objected to Toyota Motor Corp.'s proposed $250 million settlement that would compensate consumers for the loss in vehicle value allegedly caused by an acceleration defect, saying the deal interferes with other litigation and doesn't adequately compensate certain class members.

At least four objectors filed notices of opposition in California federal court Monday seeking to halt the settlement that was preliminarily approved late December. The settlement would set aside $250 million to compensate consumers for the loss in value allegedly caused by...
To view the full article, register now.