We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Toyota Resolves Antitrust Suits For $35M

Law360 (March 16, 2006, 12:00 AM EST) -- Cutting its ties from a string of antitrust lawsuits that have dragged on since 2003, Toyota Motor Sales USA has decided to pony up $35 million to resolve approximately 75 pending suits alleging the company colluded with other auto makers to block U.S. customers from seeking lower prices in Canada.

“We settled it because after three years of costly litigation, it was time to put it behind us,” spokesperson Xavier Dominicis said. “We’d rather focus on the car business and building quality cars.”

U.S. car buyers...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.