Toyota has agreed to pay over 1 billion dollars in a settlement for their acceleration issues. Owners of the specific Toyota models that are affected with the ETCS-I issues should have received notification of the lawsuit and their opportunity to join the suit to seek damages.
Unfortunately, the claim deadline has passed and the settlement has been deemed final since December of 2013. All distribution payments were dispersed as of March 14, 2014, and deficiency claims had their payments dispersed on July 7, 2014. Those that did not file a claim may still be deemed eligible to receive payment which will be distributed by the end of the 2014.
The deadline to submit a claim was July 29, 2013, and any owners of a Toyota or Lexus model affected by acceleration problems can view details pertaining to the class action suit here.
If a car accident was caused by erratic acceleration due to the manufacturer defect seen in the class action suit, you may want to contact a lawyer to evaluate the circumstances. If the statute of limitations has not passed, you may be able to file a product liability claim with the manufacturer. Please note that if you were notified of a recall and did not get the vehicle fixed, this will jeopardize your chances of winning a product liability claim.
It is important to note that if you are not a United States resident, you may still be able to file a claim. In Canada, the claim deadline has not yet passed. Canadian residents will be able to file a claim until September 29, 2014.
With the class action suit in Canada, any owner of a Toyota vehicle that has the acceleration defect will be entitled to the following:
- Brake Override System installation.
- A $62.5 cash payment, if the Brake Override System cannot be installed.
If you do not file, you give up all of your rights to seek compensation from Toyota. If you have any questions regarding product liability, you may contact a lawyer to better understand the class action suit that has taken place.
If you have questions about anything to do with the Toyota recall or any other product malfunction, call the Law Office of Jeremy Rosenthal for a free consultation about your situation specifically.