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
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
SYS-CON Events announced today that Loom Systems 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. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that Telecom Reseller has been named “Media 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. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Ocean9will 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. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
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 ...
SYS-CON Events announced today that CA Technologies has been named “Platinum 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, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Pentaho has announced orchestration capabilities that streamline the entire machine learning workflow and enable teams of data scientists, engineers and analysts to train, tune, test and deploy predictive models. Pentaho’s Data Integration and analytics platform ends the ‘gridlock’ associated with machine learning by enabling smooth team collaboration, maximizing limited data science resources and putting predictive models to work on big data faster – regardless of use case, industry, or languag...
SYS-CON Events announced today that T-Mobile 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. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
SYS-CON Events announced today that Addteq will exhibit at SYS-CON's DevOps Summit at Cloud Expo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Addteq specializes in creating innovative solutions to solve business processes through the use of DevOps automation. Addteq was founded on the firm belief that automation is essential for successful software releases. Addteq's products and services are centered around the fundamental approach of understanding the pr...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...