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.
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.