Toyota Motor Corp. and lawyers suing the company were given more time to win final approval of a $1.1 billion settlement of claims that recalls related to unintended acceleration hurt the value of U.S. customers’ vehicles.
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.
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.
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.
Toyota Motor Corp. will have to face lawsuits claiming deaths and personal injuries caused by unintended sudden acceleration of its vehicles if a tentative ruling by a federal judge in California becomes final.
New York Attorney General Eric Schneiderman is investigating the proposed $8.5 billion Bank of America Corp. settlement with Bank of New York Mellon Corp. over residential mortgage-securitization trusts.