In past blog posts, we've discussed the serious legal charges facing Japanese car company Toyota Motor Corp. Many of you may recall this post, covering the story of a multi-million dollar wrongful death lawsuit against the auto industry giant. At the trial's end, the plaintiffs received a $10 million dollar settlement as compensation for the deaths of four victims killed when a Toyota floor mat trapped the car's accelerator to the floor and caused a tragic crash.
U.S. District Court Judge James Selna will hold a hearing today to decide who the lead plaintiff attorneys will be and what information must be turned over for the upcoming lawsuits against Toyota Motor Corp. An excess of more than 320 lawsuits have been filed against the Japanese automaker to date. It is estimated that Toyota's economic damages could surpass $7 billion to compensate consumers for wrongful death suits and diminished value of thousands of vehicles.