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.

Copyright © 2010 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

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.

Copyright © 2010 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.