As expected , Toyota agreed to settle the "sudden -unintended acceleration class action ". They'll pay about a billion. Probably , after all the objections and fairness hearings the attorneys will get around 16-20% , leaving around $800k for the " class of plaintiffs" . The amount per claim will be insubstantial . Probably will take another year or more to have money change hands.
So Toyota made a business decision. Were the problems resolved? Was justice served ? How will this affect the personal injury cases resulting from similar claimed defects? Still far from over.
Your thoughts?
Legal analyst Steve Goldman reporting.
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