U.S. judge OKs Toyota's $1.1 billion acceleration settlement

Published December 28, 2012

| Reuters

A U.S. judge granted preliminary approval on Friday to Toyota Motor Corp's <7203.T> $1.1 billion settlement of a class-action lawsuit brought by consumers who lost value on their cars due to sudden, unintended acceleration.

The order on Friday came from U.S. District Judge James Selna in Santa Ana, California. (Reporting by Dan Levine and Edwin Chan; Editing by Richard Chang)