JURIST Supported by the University of Pittsburgh

THIS DAY AT LAW
Today in legal history...

Friday, December 21, 2012

Toyota agreed to pay $32 million in fines to US government over safety defects
Arjun Mishra at 12:00 AM ET

On December 21, 2010, the Toyota Motor Corporation agreed to pay a record-setting $32.4 million in fines to the Treasury Department for product defects and poor handling of a recall.The National Highway Traffic Safety Administration (NHTSA) conducted two separate investigations concerning five million vehicles with defective accelerator pedals and Toyota's failure to notify the NHTSA of a safety defect in steering relay rods. The accelerator pedal defect led to a class action lawsuit in which Toyota owners claimed economic damages because the company failed to fix the defect, hurting the resale value of their vehicles. Toyota settled that suit on November 14, 2012, for $25.5 million.

Learn more about Toyota from the JURIST news archive, and read a discussion by JURIST Guest Columnist Bruce Aronson on Toyota's board of directors in JURIST Forum.




Link post | IM post | go to JURIST | © JURIST, 2012


LATEST DAYS

 NYC police unions continue to pursue stop and frisk appeal
February 8, 2014

 click for more...

SYNDICATION

Add This Day at Law to your RSS reader or personalized portal:
  • Add to Google
  • Add to My Yahoo!
  • Subscribe with Bloglines
  • Add to My AOL

E-MAIL

Subscribe to This Day at Law alerts via R|mail. Enter your e-mail address below. After subscribing and being returned to this page, please check your e-mail for a confirmation message.
MyBlogAlerts also e-mails alerts of new This Day at Law entries. It's free and fast, but ad-based.

CONTACT

This Day at Law welcomes reader comments, tips, URLs, updates and corrections. E-mail us at archives@jurist.org