CORRECTING and REPLACING Hagens Berman: Toyota Unintended Acceleration Settlement Receives Preliminary Approval

  CORRECTING and REPLACING Hagens Berman: Toyota Unintended Acceleration
  Settlement Receives Preliminary Approval

CORRECTION...by Hagens Berman Sobol Shapiro LLP

Business Wire

LOS ANGELES -- December 28, 2012

Please replace the release with the following corrected version due to
multiple revisions.

The corrected release reads:

HAGENS BERMAN: TOYOTA UNINTENDED ACCELERATION SETTLEMENT RECEIVES PRELIMINARY
                                   APPROVAL

A U.S. District Judge today granted preliminary approval to a settlement
potentially valued, according to court documents, at more than $1.3 billion
between Toyota (NYSE:TM) and an estimated 19 million current and former Toyota
owners who claim their vehicles contain defects causing sudden, unintended
acceleration.

The case was filed in 2010 after drivers across the country reported that
Toyota vehicles suddenly and unintentionally accelerated out of their control.
Toyota has long maintained that the vehicles were free from electronic flaws
causing the acceleration.

“We are pleased that the court gave such swift preliminary approval of the
settlement,” said Steve Berman, managing partner of Hagens Berman Sobol
Shapiro LLP, and co-lead counsel for Toyota owners and lessees in the case.
“We are eager to move the process forward so we can ultimately distribute
funds to Toyota owners as well as install brake-override systems in more than
three million vehicles.”

With preliminary approval now granted, current and former Toyota owners
included in the settlement will receive information about the settlement
through notices expected to be mailed in March. At the same time, information
about the settlement will be published in newspapers around the country, along
with a toll-free number for more information.

On June 14, 2013, Judge Selna will hold a fairness hearing and will weigh
granting the proposed settlement final approval.

Under the terms of the proposed settlement, Toyota will install a
brake-override system in vehicles subject to floor mat entrapment recalls,
provide a fund of $250 million for former Toyota owners who sold their cars
between Sept. 1, 2009, and Dec. 31, 2010, provide an additional $250 million
for current Toyota owners whose vehicles are not eligible for a brake-override
system, and provide a customer care plan for all 16 million current owners
that will warranty certain parts allegedly tied to unintended acceleration.

Additional details of the settlement are available at
www.ToyotaELsettlement.com and www.hbsslaw.com/toyota. Consumers can also call
1-877-283-0507 for more information.

BROADCAST MEDIA:

Broadcast-quality video featuring Steve Berman commenting on the settlement is
available at ftp.clatterdin.com. The username to access the clips is “HBSS”
and the password is “generic.”

AboutHagens Berman

Seattle-based Hagens represents whistleblowers, investors and consumers in
complex and class-action litigation. The firm has offices in10 U.S. cities,
including New York, Boston,Chicago, Phoenix,Los Angeles,San Franciscoand
Washington, D.C.More about the law firm and its successes can be found
atwww.hbsslaw.com. Visit the firm's class-action law blog at
www.classactionlawtoday.com.

Contact:

Firmani + Associates, Inc.
Mark Firmani, 206-919-9357
 
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