Toyota Motor Corporation

356332 Days Left

Class Action Period:
November 21, 2018 - November 21, 2023

Lead Plaintiff Deadline:
January 01, 3000

Case Form

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Allegations

On November 20, 2023, the Consumer Financial Protection Bureau ("CFPB) issued a press release announcing that it had "ordered Toyota Motor Credit Corporation to pay $60 million in consumer redress and penalties for operating an illegal scheme to prevent borrowers from cancelling product bundles that increased their monthly car loan payments. The company withheld refunds or refunded incorrect amounts on the bundled products and knowingly tarnished consumers' credit reports with false information. The CFPB is ordering Toyota Motor Credit to stop its unlawful practices, pay $48 million to harmed consumers, and pay a $12 million penalty into the CFPB's victims relief fund." On this news, Toyota's stock price plummeted during intraday trading on November 20, 2023.

Eligibility

In order to be included in the lawsuit, you must have incurred a loss on shares of Toyota purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Toyota during the relevant time frame, you have until January 01, 3000 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.