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
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory?
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
SYS-CON Events announced today that A&I Solutions has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 1999, A&I Solutions is a leading information technology (IT) software and services provider focusing on best-in-class enterprise solutions. By partnering with industry leaders in technology, A&I assures customers high performance levels across all IT environments including: mai...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that Tappest will exhibit MooseFS at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. MooseFS is a breakthrough concept in the storage industry. It allows you to secure stored data with either duplication or erasure coding using any server. The newest – 4.0 version of the software enables users to maintain the redundancy level with even 50% less hard drive space required. The software func...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software in the hope of capturing value in IoT. Although IoT is relatively new in the market, it has already gone through many promotional terms such as IoE, IoX, SDX, Edge/Fog, Mist Compute, etc. Ultimately, irrespective of the name, it is about deriving value from independent software assets participating in an ecosystem as one comprehensive solution.
SYS-CON Events announced today that EARP will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "We are a software house, so we perfectly understand challenges that other software houses face in their projects. We can augment a team, that will work with the same standards and processes as our partners' internal teams. Our teams will deliver the same quality within the required time and budget just as our partn...
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).