A judge decided that the recent Toyota Motor Corp. confidential settlement should not be confidential. The settlement was for $10 million, without an admission of liability on behalf of Toyota. Could this figure be the bar for future sudden acceleration cases?
The automaker thought that the Toyota sudden acceleration settlement was going to remain confidential. The presiding judge thought differently.
Legal experts believed that the Toyota sudden acceleration settlement figures would be substantially higher than $10 million. Some estimated into nine figures. Researchers found that the wrong size floor mats caused a stuck accelerator in the Lexus that Saylor was driving with his family.
Most settlements are kept sealed under the request of both parties. However, the judge in this case found that the public had too great of a right to be aware of the settlement and reversed the seal.
While the figure isn’t as high as some speculated it might be, Toyota definitely did not want it released. That’s because the automaker is concerned that the number could set a bar for other pending sudden acceleration suits, The Los Angeles Times reports.
Related Resources:
- Toyota Agrees to Pay $10 Million in Crash Settlement (Fairwarning.org)Toyota Recall and Lawsuits (FindLaw)More Toyota Issues: Matrix, Corolla Power Steering Investigated by Feds (FindLaw’s Common Law)
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