$1.6B
Product Liability, Class Action
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Case Details
Class action lawsuit settlement against Toyota for unintended acceleration issues (sticky accelerator pedals and defective floor mats) that depreciated vehicle values.
Additional Notes
Settlement valued at $1.63 billion for Toyota owners whose vehicles were recalled due to unintended acceleration, causing depreciation. Individual payments ranged from $9.74 to $10,000. This settlement did not resolve personal injury or wrongful death claims.