Economics

Toyota Offers $1 Billion Settlement Over Sudden Acceleration Malfunction

Company's set up a website, toyotasettlement.com, to explain

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Toyota offered to pay more than $1 billion to settle class action claims of sudden acceleration in its vehicles.

Toyota set up a website with details of its proposed settlement. The 50-page proposed settlement includes 244 pages of exhibits. It is available by clicking on the icon on this story on the Courthouse News home page, or through the Toyota website.