Mar
02
2010

Law Firm Investigates Toyota for ERISA Violations Related to Gas Pedal Defect

datePosted on 18:01, March 2nd, 2010 by jsharp

Feb 17, 2010 — The Law Offices of Howard G. Smith has announced its investigation of potential violations of the Employee Retirement Income Security Act violations by Toyota Motor Corporation, related to design defects in its vehicles’ acceleration systems. —

A press release said a shareholder lawsuit pending in the United States District Court for the Central District of California claims that between August 4, 2009, and February 2, 2010, Toyota and certain of its officers and directors misrepresented and/or failed to disclose that there was a major design defect in Toyota’s acceleration system, which could cause unintended acceleration, thereby causing Toyota securities to trade at artificially inflated prices.

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