Judge Wants More Info On Toyota's $1.1B Acceleration Deal

Law360, Los Angeles (June 14, 2013, 3:48 PM EDT) -- A California federal judge Friday delayed final approval of Toyota Motor Corp.'s $1.1 billion settlement with car buyers who claim that recalls for defects causing sudden unintended acceleration hurt their vehicles' value, stating he wanted to see more information on how the cash will be distributed to 22.6 million putative class members.

At a hearing in Santa Ana, Calif., U.S. District Judge James V. Selna ordered the parties to return to his courtroom July 19 for a further hearing to hammer out details on the settlement.

On Thursday, the...
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