Toyota EL Settlement
- Provides information and forms related to the lawsuit involving Toyota Motor Corporation and Toyota Motor Sales, U.S.A., Inc.
- Class members in the Toyota EL case are defined as anyone “…who, at any time before December 28, 2012, own or owned, purchase(d), lease(d) and/or insure(d) the residual value as a Residual Value Insurer of a Subject Vehicle equipped or installed with an ETCS distributed for sale or lease in any of the fifty States, the District of Columbia, Puerto Rico and all other United States territories and/or possessions. This is called the “Class.”
- The site is administered by Gilardi & Co. LLC – P.O. Box 8090, San Rafael, CA 94912-8090 – (877) 283-0507 or (317) 324-0389) for calls outside the US – TTY / TDD: (888) 270-0751 – or via email at: [email protected]
It should be noted that Toyota denies any actions of wrong doing in the case but has agreed to settlement and created a settlement fund of 250 million US dollars to be paid to class members who filed timely claims. Please note individual class payment amounts will differ and will depend on factors such as make and model of the Toyota and the state in which the class member lives. Toyota Autos include in the case are as follows:
- Corolla Matrix
- Land Cruiser
Under the terms of the settlement approved by the court each class member will receive between $37 to $125 depending on the factors previously mentioned. Class members will represented by Steve W. Berman at Hagens Berman Sobol Shapiro LLP; Marc M. Seltzer at Susman Godfrey LLP; and Frank M. Pitre at Cotchett, Pitre & McCarthy. It should also be noted that class members who opt to stay in the settlement and receive a check (cash money) will not lose their right to personal injury, wrongful death or actual physical property damage lawsuits as a result of the defective equipment.