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Author	Topic: Shareholders sue Toyota over acceleration problems	Post a Reply Back to Topics

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CruisinLinda Champion Author Tallahassee Posts:7,947 Points:1,621,420 Joined:Sep 2005	Message Posted: Mar 22, 2010 9:11:03 AM Ignore CruisinLinda Report Abuse Stockholders who are suing their own company are drilling holes in their own boats. Even now the cause of unintended acceleration in a tiny fraction of one per cent of some models is unclear. It could be driver error in some cases. Toyota has worked hard to make mechanical and software fixes.
must87searcher Champion Author Maryland Posts:6,665 Points:1,314,570 Joined:Apr 2008	Message Posted: Mar 22, 2010 8:53:30 AM Ignore must87searcher Report Abuse The more this story for Toyota recalls goes out, the more complaints will come in. A majority of makers have a time like this, but most get through it. The amount of time that this case will last varies.
Sneakers55 Champion Author Houston Posts:43,327 Points:1,711,355 Joined:Nov 2005	Message Posted: Mar 22, 2010 8:34:57 AM Ignore Sneakers55 Report Abuse rvn4me wrote: >This is what happens when you invest in foreign companies. Toyota stock still has a value significantly greater than zero. That can't be sold for such American icons as Enron, General Motors, and Kmart. >Keep your money at home. Bad investment advice. Invest in everything, both domestic and foreign. We buy their stock. They buy our stock. It's a global economy. Get used to it.
rbrowdersr Champion Author Detroit Posts:4,192 Points:1,405,505 Joined:Aug 2006	Message Posted: Mar 22, 2010 8:13:32 AM Ignore rbrowdersr Report Abuse Lawyers will make a mint.
gas_too_high Champion Author Columbus Posts:8,178 Points:1,477,965 Joined:Aug 2005	Message Posted: Mar 22, 2010 8:07:45 AM Ignore gas_too_high Report Abuse I would not read too much into these lawsuits. Shareholder lawsuits tend to be less about disgruntled shareholders than greedy opportunistic trial lawyers. Such lawsuits if settled tend to result in millions for the lawyers and peanuts for the supposed plaintiff class. I've been in at least 2 such shareholder lawsuit classes and never seen a penny. GTH [Edited by: gas_too_high at 3/22/2010 9:07:53 AM EST]
pkhdonovan Champion Author Maine Posts:9,635 Points:2,237,970 Joined:Sep 2005	Message Posted: Mar 22, 2010 8:06:48 AM Ignore pkhdonovan Report Abuse why are stockholders suing, they are playing a betting game on a company and yes you are bound to lose money its called risk.
UMassLowell Veteran Author Dayton Posts:425 Points:298,690 Joined:May 2008	Message Posted: Mar 22, 2010 8:00:47 AM Ignore UMassLowell Report Abuse Why would anyone want to sue themselves? Maybe its a sign that they want Toyota to go bankrupt.
72_Monte Champion Author Twin Cities Posts:5,428 Points:1,531,205 Joined:Aug 2005	Message Posted: Mar 22, 2010 7:58:13 AM Ignore 72_Monte Report Abuse DOH!!
remay Champion Author Houston Posts:4,696 Points:1,654,720 Joined:May 2006	Message Posted: Mar 22, 2010 7:39:22 AM Ignore remay Report Abuse shareholders??? unreal...
LocalSpyGuy Champion Author Tampa Posts:5,474 Points:1,119,245 Joined:Nov 2008	Message Posted: Mar 22, 2010 6:58:33 AM Ignore LocalSpyGuy Report Abuse "What a tangled web we weave, when first we practice to deceive."
WonderfulMI Champion Author Michigan Posts:9,019 Points:1,319,805 Joined:Jun 2008	Message Posted: Mar 22, 2010 6:50:36 AM Ignore WonderfulMI Report Abuse If you knowingly misrepresent the prospectus, you can go to jail.
JimL1 Champion Author Phoenix Posts:5,739 Points:806,475 Joined:Jul 2003	Message Posted: Mar 22, 2010 6:43:24 AM Ignore JimL1 Report Abuse As long as the settlement requires that the shareholders receive 75% (before any deductions for attorney's costs and fees) of any settlement, then it is a good idea. If the lawyers get the lion's share of any settlement, then the court should not approve any settlement.
jdhelm Champion Author Iowa Posts:4,788 Points:732,635 Joined:Dec 2009	Message Posted: Mar 22, 2010 6:42:53 AM Ignore jdhelm Report Abuse I'm surprised that 500 thousand lawyers didn't do this all at once.
Night Owl Champion Author Toronto Posts:5,260 Points:1,332,750 Joined:Jul 2004	Message Posted: Mar 22, 2010 6:40:23 AM Ignore Night Owl Report Abuse The shareholders are bringing even more bad PR to Toyota.
moody4u Champion Author Cincinnati Posts:3,635 Points:716,180 Joined:Oct 2008	Message Posted: Mar 22, 2010 6:40:21 AM Ignore moody4u Report Abuse They Should Take there Court fight to Japan !
CLM06 Champion Author Tampa Posts:6,841 Points:1,496,065 Joined:Sep 2006	Message Posted: Mar 22, 2010 6:39:33 AM Ignore CLM06 Report Abuse Definitely more money for lawyers
ttwiw Champion Author Austin Posts:2,166 Points:1,298,060 Joined:Sep 2005	Message Posted: Mar 22, 2010 6:38:08 AM Ignore ttwiw Report Abuse Good for them!!!
wwcj Champion Author Virginia Posts:1,582 Points:383,715 Joined:Jul 2008	Message Posted: Mar 22, 2010 6:36:00 AM Ignore wwcj Report Abuse I guess the stock holders do not realize that class action suits only helps the lawyers, and that it will be paid our of your lower stock price and dividends if there is any to provide after the lawsuits!
9C1 Champion Author Chicago Posts:20,397 Points:3,787,835 Joined:Jul 2001	Message Posted: Mar 22, 2010 6:34:56 AM Ignore 9C1 Report Abuse It goes on and on, but another example of Japanese quality.
FieroGT Champion Author Twin Cities Posts:11,974 Points:2,096,640 Joined:Mar 2005	Message Posted: Mar 22, 2010 6:34:22 AM Ignore FieroGT Report Abuse Oh boy, here come the lawyers. I guess I should have expected this.
throttle Champion Author Maryland Posts:10,406 Points:2,153,095 Joined:Jul 2004	Message Posted: Mar 22, 2010 6:33:26 AM Ignore throttle Report Abuse Stupod move by the shareholders. Probably talked into it by some smart lawyer.
paneinthegas Sophomore Author London Posts:126 Points:813,545 Joined:Nov 2008	Message Posted: Mar 22, 2010 6:32:30 AM Ignore paneinthegas Report Abuse Guess who pays for this folks. Yes it's you the shareholders. Congratulations. You are suing yourselves. This lawsuit will only serve to drive the stock value of Toyota even lower. Maybe Toyota should sue the shareholders for bringing this suit and further eroding company value.
Spetsnaz Champion Author Dayton Posts:1,711 Points:591,795 Joined:May 2006	Message Posted: Mar 22, 2010 6:31:31 AM Ignore Spetsnaz Report Abuse I will still never buy a toyota.
danno27 All-Star Author Miami Posts:941 Points:460,650 Joined:Jun 2006	Message Posted: Mar 22, 2010 6:30:24 AM Ignore danno27 Report Abuse Lawsuits like this abuse our legal system. It costs all of us even though most of us do not participate.
rvn4me Champion Author Texas Posts:3,259 Points:1,029,740 Joined:Jan 2009	Message Posted: Mar 22, 2010 6:30:04 AM Ignore rvn4me Report Abuse This is what happens when you invest in foreign companies. Keep your money at home.
FocusGuy Champion Author Seattle Posts:4,894 Points:965,825 Joined:Apr 2009	Message Posted: Mar 22, 2010 6:30:01 AM Ignore FocusGuy Report Abuse does anyone accept personal responsibility anymore???????????
Jamer Champion Author Orange County Posts:6,387 Points:1,176,310 Joined:Jul 2002	Message Posted: Mar 22, 2010 6:29:03 AM Ignore Jamer Report Abuse This is right on the verge of silliness.
Valricoslash Champion Author Tampa Posts:4,285 Points:885,395 Joined:Nov 2008	Message Posted: Mar 22, 2010 6:28:17 AM Ignore Valricoslash Report Abuse Another class action law suit. The only people making any money on this one wil be the scumbag attorneys. Calss Action suits are the attorney retirement plan. All you hve to do is winnone and you are set for life. Look at John Edwards, who won the ambulance chaser of the year award presented by the South Carolina Bar Association. LOL. We need a constitutional ammendment barring Class-action lawsuits. Then medical costs weill come way down. With regard to haealthcare. yess the insurance companies are partly to blame, but the medical system, and the fact that hospitals have to treat so many illegals and others for free has a bigger impact. So now the new syste wil be that every American citizen ha to buy inusrance and the illegals will still get free medical care. I say treat once and put them on bus back home. Also, babies born in this country of non-US citizens shold not automatically be affored US citizenship.
Joeski1 Champion Author New Jersey Posts:6,764 Points:1,273,860 Joined:Dec 2004	Message Posted: Mar 22, 2010 6:27:57 AM Ignore Joeski1 Report Abuse lawyers and politicos can always be found where the money is... they suck like a leeches or a Hoover Vac... drawing the tax blood from almost rock... bathing themselves in luxuries @ our expense.. like dope dealers peddling... & only we can decide when we've had enough to take the motions necessary to cure ourselves of these leech suckers.....
sandilou All-Star Author Virginia Posts:895 Points:276,530 Joined:Jun 2004	Message Posted: Mar 22, 2010 6:26:00 AM Ignore sandilou Report Abuse I guess that everyone wants money for nothing! But didn't the Feds rule last week that this was a car operator problem?
PurduePete86 Champion Author Indiana Posts:1,077 Points:891,615 Joined:Apr 2007	Message Posted: Mar 22, 2010 6:24:05 AM Ignore PurduePete86 Report Abuse Yep let the lawsuites begin...undervalued stock, undervalued trade in value, Emotional distress because I'm afraid to drive my car, etc etc etc.
jimraehl Champion Author Utah Posts:4,755 Points:1,175,435 Joined:Sep 2008	Message Posted: Mar 22, 2010 6:23:56 AM Ignore jimraehl Report Abuse Everyone wants money out of this fiasco.
Rick01 Champion Author Utah Posts:6,634 Points:1,908,215 Joined:Sep 2005	Message Posted: Mar 22, 2010 6:23:09 AM Ignore Rick01 Report Abuse Toyota is following the Bush-Rove playbook line by line. They will pay the price for it!
puljujarvi Champion Author Tampa Posts:5,174 Points:1,064,660 Joined:Sep 2008	Message Posted: Mar 22, 2010 6:21:57 AM Ignore puljujarvi Report Abuse Wouldn't you know it. People make a very untimely business decision with their stock and instead of taking their own responsibility in making a bad investment, they sue to see if they can still come out ahead. I sure hope it gets thrown out of court.
Bill100 Champion Author Grand Rapids Posts:37,360 Points:704,295 Joined:Jan 2010	Message Posted: Mar 22, 2010 6:21:36 AM Ignore Bill100 Report Abuse If shareholders can sue Toyota over this, can taxpayers sue US government over mandated health care?
THEDodgeman Champion Author Denver Posts:5,626 Points:1,479,580 Joined:Apr 2005	Message Posted: Mar 22, 2010 6:21:33 AM Ignore THEDodgeman Report Abuse BOHICA........GET READY FOR THE LAWYERS.
traindude Champion Author Virginia Beach Posts:5,614 Points:1,245,330 Joined:Jun 2007	Message Posted: Mar 22, 2010 6:21:27 AM Ignore traindude Report Abuse how is that even possible?
hwnguy Champion Author Honolulu Posts:3,580 Points:1,021,940 Joined:Apr 2008	Message Posted: Mar 22, 2010 6:20:45 AM Ignore hwnguy Report Abuse Who's invested?
cigarman409 Champion Author Massachusetts Posts:2,082 Points:1,361,625 Joined:Jul 2007	Message Posted: Mar 22, 2010 6:18:01 AM Ignore cigarman409 Report Abuse got to read between the lines when investing
turbosaab Champion Author Cleveland Posts:14,937 Points:1,945,015 Joined:Sep 2006	Message Posted: Mar 22, 2010 6:16:23 AM Ignore turbosaab Report Abuse This will be thrown out. It is Obama at work.
jppezz Champion Author New Mexico Posts:6,225 Points:1,224,605 Joined:Jun 2008	Message Posted: Mar 22, 2010 6:14:38 AM Ignore jppezz Report Abuse The Toyota name going down the drain for a stupid cover up attempt.
dave364 Champion Author Lansing Posts:3,198 Points:1,007,320 Joined:Nov 2007	Message Posted: Mar 22, 2010 6:12:11 AM Ignore dave364 Report Abuse lawyers at work again, know what is lower than whale dun= LAWYERS
tankneverfull Champion Author Charlotte Posts:6,364 Points:1,299,015 Joined:Apr 2008	Message Posted: Mar 22, 2010 6:11:46 AM Ignore tankneverfull Report Abuse Pile on while the pilling on can still be done.
REVLAW Champion Author San Antonio Posts:8,022 Points:1,539,190 Joined:Jul 2007	Message Posted: Mar 22, 2010 6:11:01 AM Ignore REVLAW Report Abuse Another self-serving LAWYER out to sue the world. You can find plaintiffs everywhere.
CSharpGuy Champion Author Colorado Springs Posts:7,116 Points:1,433,260 Joined:Jan 2008	Message Posted: Mar 22, 2010 6:08:21 AM Ignore CSharpGuy Report Abuse This looks like it could kill the company.
rocket_ron Champion Author Grand Rapids Posts:3,913 Points:1,527,945 Joined:Jul 2006	Message Posted: Mar 22, 2010 6:08:14 AM Ignore rocket_ron Report Abuse Isn't that the American way. I'm also thinking of suing. I saw a Camary coming up behind me at a red light. It caused me great mental anguish because I didn't know whether it would stop. Now I don't think I can drive again. Not!!!! [Edited by: rocket_ron at 3/22/2010 7:08:37 AM EST]
lucky69 Champion Author Austin Posts:2,281 Points:1,061,235 Joined:May 2008	Message Posted: Mar 22, 2010 6:04:19 AM Ignore lucky69 Report Abuse I would too!
tomok Champion Author Portland Posts:24,637 Points:1,878,610 Joined:Aug 2006	Message Posted: Mar 22, 2010 6:04:04 AM Ignore tomok Report Abuse Like the article said: ‘The suits could cost Toyota billions of dollars and are likely to drag on for years.’
ftsgt Champion Author Illinois Posts:10,720 Points:2,061,060 Joined:Dec 2004	Message Posted: Mar 22, 2010 6:04:01 AM Ignore ftsgt Report Abuse hope they win big
bumpygas Champion Author Nebraska Posts:5,943 Points:1,452,135 Joined:Oct 2007	Message Posted: Mar 22, 2010 6:02:57 AM Ignore bumpygas Report Abuse Most of those sueing are probably Japanese.