Toyota Owners Seek Class Status In Suit Over Recalls

Law360, New York (March 1, 2010, 1:23 PM EST) -- A group of automobile owners has sought class status in a nationwide suit against Toyota Motor Corp. over damages associated with the company’s spate of recent recalls, saying loss of resale value alone could total as much as $2 billion.

Attorneys for the plaintiffs filed a motion seeking class status on Friday in the U.S. District Court for the Central District of California, urging the judge to take speedy action on the concern that new recall developments and other suits filed elsewhere may affect putative class...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.