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Toyota and opposing party given time to finalize settlement claim

Toyota Motors Corp. and lawyers representing the plaintiffs in the lawsuit currently facing Toyota have been given more time to come up with final figures to determine how the $1.1 billion settlement for claims regarding recalls due to unintended acceleration will be awarded.

U.S. District Judge James V. Selna, following a hearing on June 13 in Santa Ana, California, declared the case to be on hold while both parties agree on the final payoff figures.

Selna scheduled another hearing on July 19 to find out how the money will be allocated to beneficiaries in the settlement and to make a final approval.

Toyota recalled more than 10 million vehicles for unintended acceleration problems in 2009 and 2010. The recall started in September 2009 with 3.8 million Toyota and Lexus vehicles being recalled because floor mats were reported to have been causing accelerator pedal jams.

Toyota later recalled vehicles concerning pedal defects.

The lawyers of Ritter & Associates, who specialize in auto defect claims, may be able to help you if you’ve been harmed in an accident in San Diego caused by a car malfunction. Call (619) 296-0123 to get in touch with our legal team and discuss your options.

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