Toyota Settlement of Acceleration Cases Wins Approval
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Toyota Motor Corp. won final approval of a settlement, valued at as much as $1.63 billion by plaintiff lawyers, with U.S. consumers who claimed that recalls related to sudden, unintended acceleration caused their vehicles to lose value.
U.S. District Judge James V. Selna, who gave the accord preliminary approval in December, signed off on it at a hearing yesterday in Santa Ana, California. The judge in June had delayed a decision until he received further documentation how the money would be distributed.