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TM INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Toyota Motor Corporation Investors with Substantial Losses Have Opportunity to Lead the Toyota Class Action Lawsuit
ToyotaToyota(US:TM) GlobeNewswire News Roomยท2024-06-24 22:36

Group 1 - The core issue of the Toyota class action lawsuit is the allegation that Toyota and certain executives made false or misleading statements regarding the certification of its cars and legal compliance during the Class Period from June 23, 2022, to June 2, 2024 [2][3] - On June 3, 2024, Toyota disclosed an investigation into its model certification applications, revealing that seven models were tested using methods that differed from government standards, leading to a decline in the price of Toyota American Depositary Shares [2][3] - The lawsuit allows any investor who purchased Toyota publicly traded securities during the Class Period to seek appointment as lead plaintiff, representing the interests of the class [3] Group 2 - Robbins Geller Rudman & Dowd LLP is a leading firm in complex class action lawsuits, having recovered over $1.75 billion for investors in 2022 alone, marking the third consecutive year at the top of the ISS Securities Class Action Services Top 50 Report [4] - The firm has recovered nearly $5.3 billion for investors over the past three years, significantly more than any other plaintiffs' firm [4] - Robbins Geller has a history of obtaining some of the largest securities class action recoveries, including the largest ever at $7.2 billion in the Enron case [4]