Toyota(TM) GlobeNewswire News Room·2024-07-26 17:15Legal Investigation and Class Action - Faruqi & Faruqi, LLP is investigating potential claims against Toyota Motor Corporation for alleged false and misleading statements made during the Class Period (June 25, 2022, to June 2, 2024) [1][2] - The lawsuit alleges that Toyota understated its malfeasance related to vehicle certification and legal compliance, leading to materially false statements about its business and operations [2] - Investors who purchased Toyota securities during the Class Period may seek the role of lead plaintiff by August 23, 2024 [1] Allegations and Market Impact - Toyota and other Japanese automakers admitted to mishandling safety tests for dozens of models over the past decade, including improper data collection for pedestrian and occupant safety tests on three models, such as the Yaris Cross SUV [3] - Following the news, Toyota's American Depositary Shares (ADSs) fell by $5.34 per ADS, or 2.45%, closing at $212.17 on June 3, 2024 [3] Lead Plaintiff and Class Action Details - The court-appointed lead plaintiff will be the investor with the largest financial interest in the relief sought by the class, who is adequate and typical of class members [4] - Class members may choose to serve as lead plaintiff through counsel of their choice or remain absent, with no impact on their ability to share in any recovery [4] Additional Information and Contact - Faruqi & Faruqi encourages individuals with information about Toyota's conduct, including whistleblowers and former employees, to contact the firm [5] - Updates on the class action can be followed on LinkedIn, X, or Facebook [5]