Toyota Agrees To Pay $1B In Settlement of Acceleration Cases
The settlement is awaiting a federal judge's approval.
According to plaintiffs' attorney Steve Berman, the settlement is worth more than $1 billion. That would make it the largest settlement in U.S. history involving automobile defects.
Toyota noted that the settlement was a "significant step forward" as the Japanese automaker has seen its image tarnished from the multiple lawsuits.
Read more details of the settlement here.
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