Texas Trial Lawyers Association

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November 11, 2016

The Brief for Nov 11
Toyota To Pay $3.4B To Settle Rusty Truck Frame Action

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Texas Tribune Daily Brief

The Brief for Nov 11

Alex Samuels, Texas Tribune 11/11/2016

Read Article: Texas Tribune

Laws/Cases

Toyota To Pay $3.4B To Settle Rusty Truck Frame Action

Toyota Motor Co. on Wednesday agreed to pay approximately $3.4 billion to compensate owners of certain truck models with frames that are prone to rust corrosion and perforation in order to settle a proposed class action lawsuit in California federal court. The owners of certain Tacoma, Tundra and Sequoia trucks asked U.S. District Judge Fernando M. Olguin to preliminarily approve the deal, which provides inspections for the approximately 1.5 million vehicles possibly affected by the defect.
Matthew Guarnaccia, Law360.com 11/11/2016

Read Article: Law360.com

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