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In fact, in recent months, Toyota has recalled more than eight million vehicle following increasing reports of sudden acceleration. Experts are anticipating an avalanche of lawsuits blaming the Japanese auto giant for both deaths and injuries, as well as for the erosion in the resale value in the wake of the recalls. The cost of settling or litigating these lawsuits could amount to $3 billion or more.
In the first Class Action filed in California State Court regarding the Toyota recalls, Casey Gerry attorneys Frederick Schenk and David S. Casey, Jr. are serving as co-counsel in a lawsuit filed in San Diego Superior Court against Toyota regarding these sudden unintended acceleration recalls.
The State filed case differs from the Federal actions being filed across the country in many significant ways. This case concerns a “ in value” of Toyota and Lexus vehicles and only concerns Toyota and Lexus vehicles sold and owned by California residents. Lastly, this new class action does not directly concern the underlying defects, such as floor mats, faulty gas pedals or computer software glitches, but directly relates to loss of value to Toyota and Lexus vehicles because of recent recalls.
The bottom line? Owners believe their vehicles have plummeted in value since the recall.Toyota and Lexus owners deserve protection and compensation, attorneys say, and it will take a seasoned team to protect their rights. Stay tuned for more information on Toyota and Lexus recalls.