Toyota Class Action Lawsuit

I would like the $500 to $1,000 payoff, but it would be dishonest. My 2010 Prius works great and is the most economical and trouble-free car that I have owned.

 

I hope Toyota is allowed to get the money from the hoaxers who pretend to have a problem they don't.

 

So if I were to buy a Prius today I can cash in as well? Is this part of the March incentive program to offer "rebates" of up to $1000?

C'mon guys - wake up! These class action lawyers love to drop this type of bait - who doesn't want free money? The truth is that each person might get some kind of remuneration (doubtful if even $500), but the lawyers will sure roll in the money (typically >$1M easy).

Loss of resale value?! Then sue the dealer the moment you drove your car off the lot. Sue Dell the moment you opened the box containing the new computer.

This whole thing just highlights how little personal responsibility the mass public appears to have. America should switch to a communist economy - then everyone will be happy - free money for all (and you won't even need the lawyers to get it!)

 

Toyota should file a class action lawsuit against all the hoaxers.

 

I heard on KTAR that these class actions lawsuits could cost Toyota over 3 BILLION dollars. which would be enough to sink Toyota. What a shame. I agree w/ Mad Dog....I love my Prius and want no part in a class action lawsuit. Yes, our cars have taken a bigger depreciation hit than normal, but cars aren't investments so who cares? Enough with greedy lawyers already!

 

These suits have not proceeded to the point of having certified classes and proposed settlements, so there are few facts to report. If you want something specific, you have to sue them yourself or sign on as a lead plaintiff on an existing suit, and work hard to not get marginalized as these very many suits get consolidated.

A single plaintiff does not make a class action.

When the required notices to all the class members start coming out, I'm likely to be sending very nasty replies to the lawyers to exclude me from their class. And may consider side notices to the courts, in case the lawyers are not correctly handling these replies.

 

How much do the lawyers get?

 

The lawyers will get multimillions each. Just as the lawyers in the case for the suit for 600 + millions for the workers on the Trade Center disaster. They will get at minimum fifty per cent of the award.

 

3 billion would not sink Toyota. Not even close.

Based on market capitalization of TM at $186 billion, it's worth 5.3 times the combined market cap of Ford ($12.8 billion), GM ($12.43 billion), and Chrysler (or what it was sold for - 80% for $7.4 billion).

As of Dec. 2009 Toyota's cash on hand was $43.09 billion.

http://ycharts.com/companies/TM/cash_on_hand

​

 

Don't waste time with BS, EARN your own money.

 

I was being sarcastic.

 

Market Cap is irrelevant. It isn't real money. The cash on hand you list is much more meaningful.

 

I've heard the statement too many times from people who are enraged and not at all sarcastic. But clueless to what class action means.

 

This is most likely going to happen. I mean who runs the justice system in this country? The government. Who owns portions of both GM and Chrysler? The government. Who would like to see their babies do well and the American car become king of cars again? The Government. This is all a sham and is stupid that this is allowed to go on. How the heck can this government judge Toyota fairly when they have vested interest in the same industry. Crap is what it is. Definitely going to opt out of this when the letter comes.

 

The lack of sympathy expressed on this site for starving lawyers is heartless and appalling. No need for a class action suit. I suggest we all donate a dollar to the bar association.

 

The lawsuit should be against the media - not Toyota.

-Brad

 

Market Cap does give a general view of the relative size and general health of a company which is why I included it along with the cash on hand that was mentioned earlier. IMO more information is never bad as long as the information pertinent to the discussion is also included.

 

If you could keep it down, lawyers COULD be a valuable source of protein.