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TM INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Toyota Motor Corp Ltd Ord Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
ToyotaToyota(US:TM) GlobeNewswire News Roomยท2024-06-25 20:36

Core Viewpoint - A class action lawsuit has been filed against Toyota Motor Corp Ltd for alleged violations of federal securities laws, claiming that the company made false statements and failed to disclose critical information regarding its legal compliance and vehicle certification issues [1][3]. Group 1: Class Definition - The lawsuit seeks to recover damages for all individuals and entities that purchased Toyota securities between June 25, 2022, and June 2, 2024, referred to as the "Class Period" [2]. Group 2: Case Details - The Complaint alleges that during the Class Period, Toyota understated its malfeasance related to vehicle certification and legal compliance, leading to materially false and misleading statements about its business and operations [3]. - The lawsuit claims that when the true details were revealed, investors suffered damages as a result of the misleading information provided by the defendants [3]. Group 3: Next Steps - Investors who suffered losses in Toyota have until August 23, 2024, to request to be appointed as lead plaintiff in the class action lawsuit [4]. Group 4: Legal Representation - The law firm representing the investors operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and attorney fees if they are successful in the case [5][6].