Plaintiffs counsel could seek as much as $7.35 billion from Toyota to compensate consumers for the diminished value of their vehicles in the wake of reports of sudden unintended acceleration, a lawyer said Wednesday. "I think we're blazing a new trail," said attorney W. Daniel Miles III. The first hearing in the multidistrict litigation is scheduled for today in California federal court. The court is expected to discuss which plaintiffs lawyers will serve on the lead counsel committees in the case.
Toyota Economic Damages Could Surpass $7 Billion, Says Plaintiffs Attorney
The National Law Journal
May 13, 2010