Bloomberg News reports that a recent lawsuit alleges that Toyota had knowledge of its defective accelerator as early as 2003. Maryland State Retirement and Pension System has been selected as the “lead plaintiff in a consolidated shareholder lawsuit in which [Toyota is] accused of failing to disclose defects related to sudden acceleration.” This decision “came [...]
Aug
3
2010
3
2010
Apr
9
2010
9
2010
Toyota Knew of Accelerator Defect Since 2006
According to a recent National Highway Traffic Safety Administration (NHTSA) investigation, insider documents reveal that Toyota had knowledge that its floormats stuck the accelerator, yet still placed the defective vehicles on the market. The U.S. Department of Transportation (DOT) is considering a $16.4 million dollar fine on Toyota for deceiving the public about a safety [...]
