Toyota May Sign $1B Deal To End Fed Acceleration Probe

Law360, Los Angeles (March 18, 2014, 9:52 PM EDT) -- Toyota Motor Corp. is allegedly in talks to settle a federal investigation into customer complaints about unintended acceleration in some of its vehicles, and the U.S. Department of Justice may announce a potentially billion-dollar deal as early as Wednesday, according to reports.

The Justice Department is expected to announce a deal in which the automotive manufacturer will pay $1 billion and avoid criminal charges, according to a Tuesday report by CNN.

A spokesman for Toyota did not immediately respond to a request for comment late Tuesday....
To view the full article, register now.