Toyota May Ink $1B Deal To End Defective Vehicle Probe

Law360, Los Angeles (February 7, 2014, 9:17 PM EST) -- Toyota Motor Corp. may be gearing up to sign a $1 billion deal to end a federal criminal investigation into how and when it disclosed customer complaints about alleged unintended acceleration in some of its vehicles, according to reports on Friday.

The Japanese automaker could ink the deal in the next few weeks, according to unnamed insiders cited in a report Friday by The Wall Street Journal. Such a deal would end a four-year U.S. criminal probe into Toyota over the disclosures. 

Spokespeople for the car company...
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.