Toyota Settles

It is likely that Toyota has decided to pay a $10 – Million settlement because they could be facing much larger verdicts and this was a reasonable amount under the circumstances. It is common practice that once a settlement is reached, there is no admission of liability and the amount of settlement is undisclosed.

Given the severity of the claims resulting in mass tort litigation, the Judge in this case has acted appropriately in unsealing the terms of the settlement. This decision is the stepping stone for the plaintiffs in other similar lawsuits against Toyota and the injured parties should have the right to know as to what to expect in terms of compensation