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ARKANSAS IN $29M MULTI-STATE SETTLEMENT WITH TOYOTA

(The following is a reformatted version of a press release
issued by the Office of Arkansas Attorney General Dustin
McDaniel and received via electronic mail. The release was
confirmed by the sender.) 
FEB. 14, 2013 
ATTORNEY GENERAL REACHES SETTLEMENT WITH TOYOTA 
LITTLE ROCK - Attorney General Dustin McDaniel announced today
that Arkansas and 29 other states have reached a $29 million
agreement with Toyota Motor Corp. to settle allegations that
Toyota concealed its knowledge of safety defects in accelerator
pedals. 
Arkansas will receive $576,244 in the settlement. Additionally,
Toyota has agreed to provide restitution to vehicle owners who
may have incurred costs related to safety recalls associated
with the unintended acceleration problems. Toyota is also
prohibited from advertising the safety of vehicles without sound
engineering data to back such claims. 
“Car buyers deserve the assurance that manufacturers will
quickly and appropriately respond to known safety risks,”
McDaniel said. “The terms of this settlement require that Toyota
make changes to improve its responsiveness to safety issues, and
that benefits consumers.” 
In a complaint filed today in Pulaski County Circuit Court,
McDaniel alleged that Toyota engaged in unconscionable and
deceptive practices when it failed to timely disclose safety
problems related to unintended acceleration. During an
investigation, the States found that poor communications between
Toyota’s nerve center in Japan and the company’s United States
holdings were partially responsible for Toyota’s failure to
timely report known safety issues. The complaint was filed
contemporaneously with the settlement agreement. 
Under terms of the settlement, Toyota is prohibited from
reselling a vehicle it reacquired with alleged safety defects
without informing the purchaser about the alleged defect and
certifying that the vehicle has been repaired. The company may
not misrepresent the purpose of an inspection or repair when
directing consumers to bring their vehicle to a dealer for
inspection or repair, and it is required to exclude from “Toyota
Certified Used Vehicles” or “Lexus Certified Pre-Owned Vehicles”
any car acquired through Lemon Law proceedings or voluntarily
repurchased by Toyota to ensure customer satisfaction. 
The settlement provides for reimbursements for consumers whose
vehicles were part of the safety recall related to unintended
acceleration problems, but had unreimbursed expenses. Consumers
who believe they are eligible for reimbursements should contact
Toyota at (800) 331-4331 or Lexus at (800) 255-3987. 
CONTACT:
AARON SADLER
(501) 682-0517 
(bjh) NY 
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