Toyota has settled two high-profile cases involving sudden unintended acceleration that had been set for trial in February. The settlements came a few weeks after the company agreed to the $1 billion settlement agreement in which Toyota agreed to install a brake-override system in over 3 million cars, create a $250 million fund to compensate owners who aren’t eligible for the override system, and create a separate $250 million fund to compensate Toyota owners who lost value in their cars because of the bad publicity and sold them at a reduced price between September 1, 2009 and December 31, 2010.
The two bellwether cases in the recent settlement involved a lemon law claim brought by a retired police officer in Los Angeles and a wrongful death claim by the family of a driver and passenger killed when their 2008 Camry accelerated and crashed into a wall in Utah. Toyota still faces over 300 lawsuits in federal and state court. The next potential trial is set for April 15 in Los Angeles in a wrongful death action by the family of a woman claiming that her 2006 Camry suddenly accelerated, hit a telephone pole, flipped over and crashed into a tree.
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