Breaking Legal News - POSTED: 2010/09/19 22:01
Toyota Motor Corp. has settled a lawsuit brought by relatives of four family members killed in a high-speed crash near San Diego that galvanized attention around safety flaws of Toyotas and led to the recalls of millions of cars.
A Toyota spokesman confirmed the settlement Saturday in a statement e-mailed to The Associated Press. It was first reported on the Los Angeles Times' Web site Friday night. The company would not specify the settlement's terms.
The Times said Toyota is expected to file motions with the judge disclosing the settlement on Monday. Court filings indicate the two parties reached a settlement in June.
Tim Pestotnik, an attorney for the plaintiffs including the parents of the three adult victims, declined comment when reached by the Times.
The settlement left out one co-defendant -- Bob Baker Lexus, the dealer that loaned the family the car.