Toyota To Talk Personal Injury Settlement In Acceleration MDL

Law360, New York (December 13, 2013, 4:25 PM EST) -- Toyota Motor Corp. is entering settlement negotiations with hundreds of consumers bringing personal injury, wrongful death and property damage claims related to an alleged unintended acceleration defect in the automaker's vehicles, a California federal judge said Thursday.

U.S. District Judge James Selna, who is overseeing the multidistrict litigation against Toyota over the issue, granted initial approval to an “intensive” settlement conference and mediation process put forward by the company and the lead attorneys for the plaintiffs.

Nearly a year ago, the automaker agreed to pay an...
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.