Toyota Motor Corp. (7203) won dismissal of most claims by Florida and New York car owners who contended the company drove down the value of their vehicles by failing to disclose or fix defects related to sudden acceleration.
Florida plaintiffs can’t sue Toyota for economic loss if they didn’t experience an actual “sudden unintended acceleration” event, said U.S. District Judge James Selna in Santa Ana, California, making final a tentative ruling from April. New York plaintiffs are cut out if they didn’t experience such an event or didn’t have a measurable loss when trying to sell or trade in their vehicles, Selna said.
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