Toyota can’t force arbitration of economic-loss claims filed by plaintiffs who allege the carmaker’s sudden-unintended-acceleration defects led to diminished market value for their vehicles, U.S. District judge James Selna has ruled. Arbitration is a nifty tool widely used by big corporations like Toyota to force settlements in consumer cases before they can go to trial. Forced arbitration clauses are often tucked into the fine print of sales contracts, requiring consumers to forfeit their right to sue the company as a precondition of doing business. “Toyota waived any right it may have had to compel arbitration of 15 of the 20 ... Read More
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