One day after a jury found the Japanese carmaker liable and ordered it to pay $3 million for defects that caused a 2007 fatal crash, Toyota reached a deal on Friday to resolve the lawsuit in the United States over unintended acceleration issues.
A jury in Oklahoma on Thursday ordered the company to pay $3 million in compensatory damages to Jean Bookout, a driver injured in the 2007 crash, and the family of Barbara Schwarz, who was killed. Jurors were scheduled to resume deliberating on Friday on whether to award punitive damages against Toyota.
Before the jury could reach a decision, Toyota and lawyers for the plaintiffs announced they had reached a confidential settlement to resolve the case.
“While we strongly disagree with the verdict, we are satisfied that the parties reached a mutually acceptable agreement to settle this case,” Toyota spokeswoman Carly Schaffner said in a statement.
A lawyer for the plaintiffs, J. Cole Portis, said they were pleased with the jury’s decision. “We are fully convinced that Toyota’s conduct from the time the electronic throttle control system was designed has been shameful,” Portis said in a statement. “We appreciate that the jury had the courage to let Toyota and the public know that Toyota was reckless.”
The case is the first loss for Toyota in a string of early trials over acceleration issues, which prompted hundreds of lawsuits across the country in the wake of the recalls. The 2005 Camry at issue in the Oklahoma trial was not included in the recalls.
) - Monday, October 28th, 2013 - filed under Industry
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