Mealey's PI/Product Liability - Toyota Forfeits $1.2B, Accepts Deferred Prosecution In Sudden-Acceleration Probe

Mealey's PI/Product Liability - Toyota Forfeits $1.2B, Accepts Deferred Prosecution In Sudden-Acceleration Probe

NEW YORK - Toyota Motor Corp. will forfeit $1.2 billion as part of a deferred criminal prosecution agreement for wire fraud for allegedly misleading consumers, the federal government and Congress about "sudden acceleration" problems in the company's cars, the parties announced March 19 (United States of America v. Toyota Motor Corporation, No. n/a, S.D. N.Y.).

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