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Toyota Motor Corporation Class Action Lawsuit - TM

31 days left to seek lead plaintiff status

Case Summary

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The Toyota class action lawsuit seeks to represent purchasers or acquirers of Toyota Motor Corporation (NYSE: TM) publicly traded securities between June 23, 2022 and June 2, 2024, inclusive (the “Class Period”).  Captioned Abeed v. Toyota Motor Corporation, No. 24-cv-05284 (C.D. Cal.), the Toyota class action lawsuit charges Toyota and certain of Toyota’s top current and former executives and directors with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Toyota lawsuit, please provide your information in the form on this page.  You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.  Lead plaintiff motions for the Toyota class action lawsuit must be filed with the court no later than August 23, 2024.

CASE ALLEGATIONS: The Toyota class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that Toyota understated its malfeasance relating to certification of its cars and issues relating to overall legal compliance.

The Toyota class action lawsuit further alleges that on June 3, 2024, Toyota disclosed that it “investigated its model certification applications as per instructions from the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) on January 26 this year” and that “seven models, including some that have already been discontinued since 2014, were tested using methods that differed from the government standards.”  On this news, the price of Toyota American Depositary Shares fell, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Toyota publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Toyota class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Toyota class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Toyota class action lawsuit.  An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Toyota class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases.  Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors.  We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.

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