A growing number of Toyota owners are experiencing life-threatening problems with their vehicles, including sudden out-of-control acceleration, failing brakes and steering difficulties, due to manufacturer defects that have led Toyota to recall more than eight million models.
Toyota is now faced with a sea of legal issues, many of which stand to impact the future of the company and its products as well as all Toyota owners. These include:
* The Connecticut Attorney General has announced he will investigate how Toyota has handled its recalls. Connecticut is where there have been two cases of runaway Toyotas.
* There are now at least 89 class action suits filed against Toyota. That number is expected to grow. It includes everything from people who feel the residual value of their Toyota vehicle has been hurt by all the recalls to those who believe Toyota is guilty misleading investors.
* A Federal Grand Jury continues to investigate if Toyota broke any criminal laws in relationship to how it handled complaints about potential safety defects.
* The House Oversight Committee is waiting to look at documents from Toyota about whether the claims of a former corporate attorney who says Toyota hid knowledge of potential safety defects. –CNBC
This Sunday, March 14 at 6 pm, and next Sunday, March 21 at 6 pm, tune into 1210 AM, The Big Talker, to listen to Legal Perspectives, a radio show where I get together with the country’s top attorneys to discuss legal issues like Toyota’s. We also talk about a wide range of other topics, from medical malpractice to real estate law to divorce law. If you have a question about any legal topic, you can call in and ask the experts for free.
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