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Toyota Economic Loss Settlement
10-30-2014, 10:17 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,695
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Toyota Economic Loss Settlement
As an eligible member of a "class," I received a check from the Loss Settlement Administrator from a class action lawsuit about Toyota's Unintended Acceleration problem from a few years ago. My car, a 2007 Corolla, had no problems with unintended acceleration and I filed no claim. There was a minor recall of my car back in 2012 in which the local dealer replaced a small computer chip related to the shifting of the automatic transmission. The car was fine before and just as fine since then.
The check I received today was for.........drum roll please......$8.97! I can buy about 2 1/2 gallons of gas with that check.
Anyone else receive a check for this or any other amount from this class action lawsuit?
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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10-31-2014, 07:47 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,887
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And the lawyers got ...........?
-ERD50
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10-31-2014, 07:50 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,298
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That's more than I ever got from any of the Class Actions I've been a part of. I think I got less than $2 from one once. Now I tend to throw them away without following up.
As a current owner of 2 Toyotas, between the various technical issues Toyota has had in the past few years, and the fact our newest Toyota doesn't seem to be of the same quality - we're not as big a fan of Toyota as we once were. Almost bought a Ford last time around...and our last "domestic" car was 1976.
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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10-31-2014, 08:41 AM
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#5
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Moderator
Join Date: Oct 2010
Posts: 10,723
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My wife got an unintended acceleration check for a few bucks too. I think it was for a Previa, but could have been for a Seinna. My DW "took care of it" since she was the owner of the vans, so I don't have details.
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10-31-2014, 09:30 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,255
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Looks like I'll be buying the beer the next time we get together. My check came to almost $30.
Previously, I was part of a class-action settlement with a certain video rental company. I got coupons good for a discount on my next few rentals. The lawyers got tens of millions of dollars. I can' tell you how happy I am that these lawyers represented my interests so well. Nobody could have done a better job.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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10-31-2014, 01:21 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,681
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DH got one the other day for $29.86. It's for the 2003 Camry that I drive.
We've never had a problem with unintended acceleration. And neither of us remembered joining a class action. Doesn't mean we never joined, just that neither of us remembered doing it!
__________________
Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
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10-31-2014, 01:32 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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I got a $6 settlement from Hertz car rentals for a plate pass toll billing violation. I often wondered about the big charges and fees for this service.
Now that I think about it , since it was while travelling on company business I should turn it over to our corporate travel dept.
__________________
Took SS at 62 and hope I live long enough to regret the decision.
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11-01-2014, 11:12 AM
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#9
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Dryer sheet wannabe
Join Date: Nov 2014
Posts: 19
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I once got about $50 from a class action suit from Discover for selling FAKO credit monitoring without disclosing that's what it was to customers. That was back in my terrible credit -- and low financial information -- days.
Recently, I filed for a $10 settlement from Red Bull energy drink because they overstated the beverage's caffeine vs. coffee. That class action suit was for anyone who purchased a Red Bull between 2002 and recently and I used to drink Red Bull back in my college term paper cramming days. I don't mind the free $10. That'll pay for some groceries.
Sent from my iPad using Tapatalk
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11-01-2014, 12:50 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,255
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Quote:
Originally Posted by Sue J
DH got one the other day for $29.86. It's for the 2003 Camry that I drive.
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Sue, your DH can help me buy the beer.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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