Toyota Facing Huge Legal Bill from Recall Lawsuit
So, they make 200 billion a year, they can afford it.
Toyota Motor Corp.’s massive recalls for acceleration and braking problems are creating a huge legal liability for the company — and Toyota owners may share in the pain.
The Japanese automaker faces dozens of lawsuits over injuries and deaths attributed to safety problems, with many more suits expected. Lawyers and legal experts said the lawsuits could be particularly expensive for the automaker if plaintiffs prove that Toyota was aware of problems but failed to correct them.
Read more at The LA Times.
February 12th, 2010 | | Filed: Lawsuit News | Comments