Settlement announced with Toyota over unintended acceleration issue
29 states, including Virginia and Tennessee, announced a multi-million dollar settlement with Toyota Motor Corporation on Thursday.
The settlement stems from allegations the company concealed safety issues related to unintended acceleration of cars.
Toyota will pay $29 million in attorneys' fees and civil penalties, to settle state consumer protection claims, and has agreed to provide an estimated additional $5 million dollars in consumer restitution for out-of-pocket costs many consumers paid while complying with safety recalls related to the issue.
We've learned Virginia will receive nearly $740,000 to use towards consumer protection initiatives and education.
The recalled models consumers can be reimbursed for are:
· 10V-017 ("sticky pedal" recall; Toyota Safety Recall No. AOA);
· 09V-388 ("floor mat entrapment" safety campaign; Toyota Recall No. 90L/9LG);
· 10V-023 ("floor mat entrapment" safety campaign; Toyota Recall No. 90L/9LG);
· 11V-113 ("floor mat entrapment" safety campaign; Toyota's Recall Campaign No. 90L/9LG);
· 09V-023 (the Sienna "Safety Improvement Campaign"); and
05V-389 (the "steering relay rod" recall; Toyota Recall No. SSC 50N).
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