Toyota recalled over 10 million vehicles worldwide because of unintended acceleration issues. The sticky accelerator pedals and poorly designed floor mats put millions of motorists at risk. These serious safety issues significantly depreciated the value of the recalled vehicles resulting in a financial loss for the owners.
On July 18, a U.S. District Judge in Santa Ana, California, gave final approval of the Toyota agreement to settle a major class action lawsuit filed on behalf of thousands of consumers. According to a Bloomberg news report, the settlement is valued at $1.63 billion and will result in individual payments to Toyota owners who lost money because of the depreciation in the value of their vehicles. Individual payments that will go to the plaintiffs can be as little as $9.74 and as much as $10,000 depending upon the model of Toyota owned, rented, or leased.
It is important to point out that this is a class action settlement and does not resolve any of the personal injury or wrongful death lawsuits that resulted from the unintended acceleration issues. There are many individual claims across the country that are going to be handled on a case-by-case basis. For example, there is a wrongful death claim pending in Los Angeles that was filed by a man whose 66-year-old wife was killed in the year 2009 when her Toyota Camry accelerated beyond her control and struck a tree. There is another that involved a driving instructor for the California Highway Patrol who, along with his entire family perished in an accident involving a rented Lexus.
If you have suffered an injury because of a mechanical malfunction or defective auto part, there are a number of steps to take to protect your best interests. The first step is to call the authorities, file a report, and collect as much evidence as possible from the crash site. You should also seek out immediate medical attention to document the severity of your injuries. It is then important to have an aggressive and compassionate personal injury attorney on your side. Guenard & Bozarth will handle your case and be the skilled resource you deserve to preserve your rights. Call us at 888-809-1075 or visit our website at We Can Help!