Toyota Motor Corp. won a judge’s ruling blocking a class-action lawsuit by owners of Prius and Lexus models who sued over a 2010 recall to install a software update that fixed a concern with the cars’ anti-lock braking system.
Toyota Motor Corp. , the automaker that recalled more than 8 million vehicles related to sudden acceleration problems, must face class-action lawsuits filed by car owners claiming economic losses, a U.S. judge ruled.
The federal judge overseeing the consolidated sudden-unintended acceleration lawsuits against Toyota Motor Corp. said he may tell jurors to view testimony by some of the carmaker’s trial witnesses with caution.
Bank of America Corp.’s proposed $8.5 billion settlement over mortgage-securitization trusts is being probed by New York Attorney General Eric Schneiderman, who is seeking client information from more than 20 companies, Bloomberg News’ Karen Freifeld reports.
JPMorgan Chase & Co. , Bank of America Corp. and Ally Financial Inc., defending allegations of fraudulent home foreclosures from customers and Congress, may face the most financial peril from investigations by state attorneys general.
Toyota Motor Corp. won dismissal of 26 of 33 claims in a stockholder lawsuit over alleged sudden unintended-acceleration problems leading to a 20 percent drop in the carmaker’s shares in January and February of last year.