Toyota Motor Corp. and lawyers suing the company persuaded a judge to give preliminary approval to a $1.1 billion settlement of claims that recalls for unintended acceleration hurt the value of U.S. customers’ vehicles.
Toyota Motor Corp. rose in the U.S. and Japan after Asia’s largest automaker said it’s taking a $1.1 billion charge to settle claims that recalls for unintended acceleration hurt the value of U.S. customers’ vehicles.
Toyota Motor Corp., Asia’s biggest automaker, will take a $1.1 billion charge to settle U.S. consumer claims that the value of their vehicles diminished because of recalls related to unintended acceleration.
Charles Schwab Corp. wouldn’t pay more under a revised accord to resolve shareholder lawsuits over losses in its YieldPlus mutual fund than under a $235 million settlement announced in May, a lawyer for investors said.
A former Countrywide Financial Corp. manager whose fraud suit contributed to the mortgage industry’s $25 billion settlement with federal and state regulators received about $14.5 million for his efforts, his lawyers said.
Rajat Gupta, the former Goldman Sachs Group Inc. director once accused of feeding inside information to Galleon Group LLC’s Raj Rajaratnam, will face federal charges, a person familiar with the matter said, making him the highest-ranking executive to be named in the probe.
Hedge fund FrontPoint Partners LLC employees were allegedly tipped by a French doctor working as a consultant for Human Genome Sciences Inc. on the results of trials for the hepatitis-C drug Albuferon, a person familiar with the matter said.