Toyota Agrees to $3 Million Settlement in Unintended Acceleration Suit
The company was found liable for "reckless disregard" for public safety and will pay $3 million in compensatory damage - $1.5 million to Jean Bookout, the driver injured in the crash, and $1.5 million to the family of Barbara Schwartz, the passenger who died.
"While we strongly disagree with the verdict, we are satisfied that the parties reached a mutually acceptable agreement to settle this case. We remain committed to providing our customers with safe and reliable vehicles, and we will continue to defend our products vigorously at trial in other legal venues," Toyota said in a statement.
Earlier this year, a federal judge approved a $1.6 billion settlement in a class-action lawsuit against Toyota to compensate vehicle owners who suffered financial losses after widespread reports of sudden acceleration in 2009 and 2010.