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.
Top Posts & Pages
- Host families prepare for Mississippi Braves’ season
- PHIL HARDWICK: When will Mississippi change its culture?
- Ridgeland property rights tussle is expected to have wide impact
- JOSH MABUS — Mississippi’s Healthcare: Not a quality problem, a marketing problem
- Mississippi takes an incentives licking, keeps on ticking
- (VIDEO) ALAN TURNER: Wilson says he’s ready for elected office
- Choctaws' new hospital nearing completion
- Bill would open hospital meetings, expand records access
- Mississippi furniture makers on rebound with more exports