While denying it violated safety regulations, Toyota agreed Monday to pay a record $16.4 million fine that the National Highway Traffic Safety Administration imposed this month after finding Toyota waited four months to report acceleration defects. The payment could bolster claims that Toyota committed fraud and racketeering and aid plaintiffs attorneys in obtaining discovery. A federal judge overseeing nearly 200 lawsuits filed against Toyota has appointed four lawyers as temporary lead counsel for all the cases.
April 20, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Toyota Motor Corp. agreed on Monday to pay a record $16.4 million fine that the National Highway Traffic Safety Administration (NHTSA) imposed earlier this month after finding that Toyota waited four months to report sudden acceleration defects in its vehicles.
In a written statement, Toyota denied that it violated safety regulations.
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