Welcome!

News Feed Item

RD Legal Offers Post-Settlement Funding on Toyota Motor Corp. Settlements

CRESSKILL, N.J., Jan. 9, 2013 /PRNewswire/ -- Toyota Motor Corp. announced it is going to pay $1.4 billion to settle lawsuits over its car acceleration problem. This acceleration issue caused worldwide headlines, even leading to the CEO of Toyota, Akido Toyoda, testifying in front of a House of Representatives committee and apologizing for the safety lapse. The Japanese automaker still must face a wrongful death lawsuit, which is scheduled to begin in February.

(Logo: http://photos.prnewswire.com/prnh/20110803/NY45278LOGO )

Plaintiff's attorneys involved in the litigation know that there is often a long delay between preliminary approval and payout of legal fees. Therefore, RD Legal Funding, LLC ("RD Legal") is providing immediate settlement funding to plaintiff's attorneys with Toyota Motor Corp. settlements.

Toyota is a well-known and established brand name in the automotive business. Its cars are generally considered to be among the best and most affordable. Recently, Consumer Reports called the Toyota Prius the best small hatchback. So it was a shock to many people when news reports started surfacing about problems with accelerator pedals and floor mats in Toyota cars.

After the death of an off-duty California police officer and his passengers made the news, Toyota began recalling vehicles with the help of the United States National Highway Traffic Safety Administration. To date, Toyota has recalled over 14 million cars worldwide. The news was so bad that it caused Toyota's stock price to plummet.

According to news reports about the settlement, Toyota will establish a $250 million fund, which includes cash payments to car owners and funds to retrofit vehicles. The cash payments are for people who bought their cars between September 1, 2009 and December 31, 2010. The settlement also establishes additional driver education programs and funds new research into advanced safety technologies. A website, http://www.toyotaelsettlement.com, was established for current and former Toyota owners who qualify.

RD Legal can provide post-settlement funding to plaintiff's lawyers with Toyota settlements, which quickly monetizes legal fees associated with slow-paying settlements. Post-settlement financing does not require any kind of payments until the fee is paid; there are no monthly interest or principal payments, no upfront points or fees. Once the necessary documentation is received, RD Legal can wire funds within several days.

For more information about RD Legal's post-settlement funding solutions, call them toll-free at 1-800-565-5177. If you are ready to proceed, please visit http://www.legalfunding.com/solutions/fee_acceleration.cfm and fill out the brief online application.

Sources:

http://www.huffingtonpost.com/2012/12/26/toyota-settlement_n_2366720.html

http://www.autoblog.com/2012/12/26/toyota-proposes-economic-loss-settlement-worth-up-to-1-4-billio/

http://money.cnn.com/gallery/autos/2012/12/27/consumer-reports-best-value-cars/index.html

http://www.nbcnews.com/business/toyota-settlement-over-acceleration-problems-top-1-billion-1C7659318

http://youtu.be/oVQg5_gyOgM - CNN News Report about Toyota Settlement

SOURCE RD Legal Funding

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
CIOs and those charged with running IT Operations are challenged to deliver secure, audited, and reliable compute environments for the applications and data for the business. Behind the scenes these tasks are often accomplished by following onerous time-consuming processes and often the management of these environments and processes will be outsourced to multiple IT service providers. In addition, the division of work is often siloed into traditional "towers" that are not well integrated for cro...
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...