Toyota to pay $1.2 billion - settlement with DOJ

[86er]

http://business.financialpost.com/2014/03/19/toyota-to-pay-us1-2-billion-over-safety-problems-the-largest-ever-u-s-penalty-for-an-automaker/



Of note: "largest financial penalty of its kind ever imposed on an auto company"



"Toyota also will be charged with wire fraud, with the prosecution deferred for three years as long as the company continues cooperation with authorities."



"As part of the deal, Toyota will fully admit wrongdoing, pay the penalty and submit to “rigorous” review by an independent monitor, Holder said."



My own editorial apropos the Oklahoma decision: jurisprudence is a bitch.