Class-Action Lawsuit May Proceed Against Toyota
The lawsuit is on behalf of owners who may not have experienced sudden acceleration but who claim economic loss. By this they mean: Toyota's recalls and all of the bad publicity reduced the value of their cars. The judge turned aside Toyota's request to dismiss the lawsuits.
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STEVE INSKEEP, host:
NPR's business news starts with more lawsuits against Toyota.
(Soundbite of music)
INSKEEP: A judge says a class action lawsuit against Toyota can proceed. This lawsuit is on behalf of owners who may not have experienced sudden acceleration, but who claim economic loss. By this they mean that Toyota's recalls, and all the bad publicity, reduced the value of their cars. The judge turned aside Toyota's request to dismiss these lawsuits. He says there is evidence that Toyota knew more about the problems than it revealed to the public, and Toyota's failure to act more quickly drove down the value even of cars that worked properly.
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