The New York Times reports that Toyota “is moving to resolve the last major legal issues related to the unintended acceleration of its vehicles, which has already cost it billions of dollars and prompted the recall of millions of cars in 2009 and 2010.” Toyota “is nearing a deal with the Justice Department to settle a criminal investigation over the way the automaker disclosed complaints stemming from the sudden acceleration of its vehicles, according to two people with knowledge of the talks.” The Times notes that the discussions, “with the criminal division of the United States attorney’s office for the Southern District of New York, are the culmination of a roughly four-year investigation,” and that the Securities and Exchange Commission “is also involved, focusing on whether Toyota fully disclosed the potential financial impact of the vehicle problems.”
From the American Association for Justice news release.
