Court Gives Final Approval To Oil Sludge Settlement

Law360, New York (February 8, 2007, 12:00 AM EST) -- A Louisiana state court judge gave final approval on Wednesday to a settlement that will allow millions of Toyota and Lexus owners to recoup damages caused by engine sludge.

Under the terms of the settlement, anyone who incurred damages from engine sludge within eight years of selling or leasing a Toyota vehicle will be eligible for damage awards as long as “reasonable efforts” were made to maintain the vehicle.

For those with cars older than eight years, the deadline for filing a claim is March 15....
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