Saturday, March 22, 2014

DOJ announces $1.2 billion settlement with Toyota

[JURIST] The US Department of Justice (DOJ) [official website] on Wednesday announced [press release] a $1.2 billion settlement agreement [text, PDF] with Toyota [corporate website] for misleading customers and US regulators. The criminal complaint [text, PDF] against Toyota alleges that the company intentionally concealed information from the public regarding a design defect whereby drivers attempting to break actually accelerated their vehicles. The settlement will allow Toyota to avoid criminal prosecution after three years and marks the largest penalty of its...

Source: http://jurist.org/paperchase/2014/03/doj-announces-12-billion-settlement-with-toyota.php

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