Tuesday, March 16, 2010

Toyota Sued over Lost Value of Vehicles

Toyota owners from Normandy Park are suing the automaker over the lost value of their vehicle in the wake of recent product defects and recall announcements. The lawsuit was filed in federal court, and, if approved by a judge, could become a class action involving over 100 other Toyota owners in Washington State. The plaintiffs allege that the Toyota defects violate Washington's Consumer Protection Laws and constitutes breach of contract.

The complainants, Dana and Doug Wallace, bought a Toyota RAV4 in September 2009. They received a recall notice shortly after purchase, which instructed them to take the vehicle to a local dealer for repairs. The lawsuit alleges, however, that amid news reports that Toyota doesn't know exactly what is causing the braking and acceleration problems, their vehicle is worth almost 20% less than what it was when they purchased it. If successful, the class action suit could end up costing the company upwards of $5 million.

If you have experienced a loss of value on your recently purchased Toyota vehicle, contact the Seattle accident attorneys at Peizer, Richards & Ziontz at (206) 682-7700 to discuss your case. Our Seattle accident lawyers handle personal injury and auto accident cases in Alki, Ballard, Beacon Hill, Bellevue, Bothell, Brighton, Broadmor, Broadway, Fauntleroy, Fremont, Georgetown, Green Lakes, Hazelwood, Kenmore, Kirkland, Laurelhurst, Madrona, Medina, Mercer Island, Metum, Midlakes, Queen Anne, Rainier Beach, Redmond, Renton, Richmond Beach, Shoreline, Wallingford, and Yarrow Point. Our Seattle accident lawyers offer a free initial consultation in all auto accident and defective product cases.

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