Law Practice
Jun. 8, 2011
Shareholders Score Win in Toyota Litigation
A federal judge said she will likely allow plaintiffs' lawyers to proceed with large parts of a proposed securities fraud class-action against Toyota Motor Corp.
Daily Journal Staff Writer
LOS ANGELES - Shareholders suing Toyota Motor Corp. for securities fraud for failing to warn about the defects that led to massive recalls in 2010 won a victory Monday when a federal judge declined to dismiss their proposed class action.
U.S. District Judge Dale S. Fischer said she likely would allow plaintiffs' lawyers to proceed on nearly a dozen claims, but may dismiss the other dozen claims w...
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