Toyota 'sudden acceleration' settlement gets preliminary approval

The $1-billion-plus deal would resolve suits from motorists who said their Toyota vehicles' value fell after recalls stemming from 'sudden acceleration' claims.

A U.S. judge in Santa Ana gave preliminary approval Friday to a $1-billion-plus settlement with Toyota Motor Corp. in cases involving problems of sudden, unintended acceleration by its vehicles, a plaintiffs' attorney said.

Source: http://feeds.latimes.com/~r/latimes/business/~3/t5D5fnfcYBw/la-fi-toyota-settlement-20121229,0,6000696.story

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