Firm News

Toyota “Agrees” To Record Fine

By Burg Simpson

April 20, 2010  

Burg Simpson News Updates

Toyota has agreed to pay a $16.375 million civil penalty brought by the National Highway Traffic Safety Administration (NHTSA) in relation to the recent ”sticky accelerator pedal” recall. In a statement issued on Toyota’s website, the beleaguered car manufacturer said that; “it agreed to the settlement in order to avoid a protracted dispute and possible litigation.” While Toyota denies that it failed to meet its legal obligations to notify the NHTSA in a timely manner of a potentially lethal defect, the decision could bolster claims made in other lawsuits which allege that Toyota did conspire to mislead consumers about the extent and severity of the problem.

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