More On

Toyota settles suit with shareholders

Shareholders said Toyota didn’t disclose safety and quality issues

Toyota Motor Corp. has agreed to pay $25.5 million to settle a suit brought by its shareholders accusing the company of failing to disclose safety and quality issues with some of its vehicles. The suit is related to the recalls and unintended acceleration reports dating back to late 2009.

A judge in Los Angeles must approve the settlement, which will close one chapter in the automaker’s ongoing legal issues surrounding the acceleration issues.


Cathleen Flahardy

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.