“Lost value” lawsuits seen as most significant source of liability for Toyota

NATIONAL – In a column in Forbes (2/22), analytical services company Oxford Analytica wrote that lawsuits against Toyota will include “traditional product liability claims,” as well as “claims that seek to recover cars’ ‘lost value'” and “shareholder suits that seek to recover for the drop in the company’s share price.”

The column assesses the lost value suits as posing the greatest threat, commenting that “the last several years have seen a significant scaling back in corporate legal liability for defective products, as a result both of legal reforms initiated at the federal and state levels and decisions by the U.S. Supreme Court that have sharply limited the award of punitive damages.”