Law firms want Toyota lawsuit
Published: February 11,2010
NEW YORK — A group of 22 law firms in 16 states wants to bring a national class action lawsuit against Toyota Motor Corp., alleging Toyota vehicles have lost billions of dollars in value in the wake of massive recalls.
P. Tim Howard, a Northeastern University law professor leading Attorneys Toyota Action Consortium, says the eight million vehicles Toyota has recalled for faulty gas pedals have collectively cost their owners more than $2 billion in lost value.
The group says it has a hearing scheduled in U.S. District Court in San Diego March 25, where a panel of judges will decide whether to consolidate the dozens of economic-loss cases filed around the country on behalf of Toyota owners.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Retired judge to hear McDaniel's challenge of primary loss to Cochran
- PSC's Brandon Presley calls in-state nuclear waste dump a 'harebrained scheme'
- Former DMR manager pleads guilty to embezzlement
- State's jobless rate remains highest in U.S.
- GOLF ranks state's courses; Fallen Oaks, Dancing Rabbit make top 100
- Officials set hunting dates for birds; expands dove season by 20 days
- Court ruling on Section 42 leaves taxpayers on hook for tax repayments
- Wisconsin man pleads guilty to illegal wildlife trapping
- Jackson air fares among most expensive in the nation