Toyota Record Fine
Toyota Agrees To Pay Record Fine
Toyota Motor Corporation recently agreed to pay a record $16.4 million fine for its failure to alert U.S. safety officials in a timely manner about a dangerous defect in its accelerator pedals but flatly denied that it had broken any laws. U.S. Department of Transportation Secretary Ray LaHood said that “by failing to report known safety problems as it is required to do under the law, Toyota put consumers at risk.” Toyota agreed to pay the fine “to avoid a protracted dispute and possible litigation.” Toyota recall accident attorney James O. Cunningham continues to monitor this story with great interest.
Resource link: Toyota pays Record $16.4 Million Fine