On behalf of Rooz Law posted in Product Liability on Monday, March 24, 2014.
Ontario residents who have been following the news concerning the Toyota recalls may be interested to know that four provincial courts have agreed to a proposed settlement with the company. According to the terms of the agreement in this product liability case, Toyota has agreed to provide $600,000 in scholarship funds to five engineering schools and reimburse plaintiffs for a number of the costs they incurred throughout the course of litigation. In addition, many affected Toyota owners can expect to receive up to 10 years of coverage for some vehicular component maintenance and repair procedures as well as a complementary brake system upgrade.
