- Class Actions Mount for Toyota
The legal expenses and challenges facing Toyota continue to accumulate at a staggering rate, with a range of estimates coming in over the amount of claims facing the troubled carmaker. A recent Financial Times story, attributing Northeastern University professor Tim Howard (a lead lawyer on the plaintiffs' side), puts the current estimate at 44 class-action lawsuits. The U.S. District Court in San Diego is expected to hold a hearing on a possible consolidation strategy for the 40-plus class actions on March 25. These suits do not include a vast amount of individual personal injury claims related to alleged car defects. It’s also unclear whether the 40-plus estimate includes federal securities lawsuits, such as the suit filed by Coughlin Stoia.
Numerous outlets also are reporting on the U.S. House’s decision to subpoena former Toyota lawyer Dimitrios Biller, who headed the corporate team that defended rollover lawsuits. Biller claims he has lots of documents showing that Toyota systemically hid evidence in litigation. “They think our laws don’t apply for them,” Biller told Reuters.
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| 08:08 AM Feb 19, 2010 | Email the Daily Dragon | Email this Article | Post Comments |
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