As plaintiffs lawyers prepare to file their consolidated class action on behalf of Toyota owners, they face an obstacle that has prevented similar claims from advancing in the past: Class members didn't suffer physical injuries. Instead, they assert that they suffered economic injuries because their vehicles lost value after recalls due to acceleration problems. In their favor: the fact that the multidistrict litigation will be heard in California, where rulings based on state consumer fraud statutes have favored plaintiffs.
Plaintiffs Lawyers Size Up Obstacle Course for Toyota Class Action
The National Law Journal
June 21, 2010