Toyota Motor Corp. had entered a deal last September with the families of four people who died in an accident related to unintended acceleration but it had only recently been revealed that the settlement was reached for $10 million. Back then, the two parties had agreed to keep the agreement confidential. We came to know the amount from a report from The Los Angeles Times.
The paper had gotten the information from the attorney representing Bob Baker Lexus, a defendant in the case, located near San Diego, Calif. California Highway Patrol officer Mark Saylor had been lent a 2009 Lexus ES by a Toyota dealer.
The case alleged that this vehicle had defects that caused the car to accelerate uncontrollably and this resulted to the deaths of Saylor, his wife, brother-in-law and daughter. By accepting the settlement, the families of the victims agreed to drop the suit they had raised against Toyota and the dealership.
Toyota neither admitted nor denied liability in the settlement. Toyota posted a statement expressing its disappointment that the settlement amount was made public, especially as they had reached a “private, amicable settlement through mutual respect and cooperation without the involvement of the courts.”
Toyota said further in its statement that it is unfortunate that Bob Baker Lexus, the Orange County District Attorney and a few news organizations, publicized the amount “and the court agreed to do so.” [via autonews - sub. required]