Settlement Structure: Claims Made
Active: OpenCase Summary:
Toyota Motor Corporation and Toyota Motor Sales, USA, Inc. are settling two combined class actions alleging that certain Prius and Prius V vehicles have defective inverters. According to the complaints, thermal and electrical stress can cause transistors in the Intelligent Power Modules (IPMs) in the hybrid inverter assembly in certain of these vehicles to fail. This can cause the vehicles to suddenly decelerate or stall, in spite of 2014 and 2015 recalls intended to remedy the problem.Docket Number:
Filing Deadline: May 12, 2023
Objection Deadline: October 26, 2022
Exclusion Deadline: October 26, 2022
Final Approval Hearing: January 13, 2023Proof of Purchase:
If you are making a claim for out-of-pocket reimbursement, you must have documentation of the expense, such as a receipt, invoice, credit card statement, check, or sworn statement.Eligibility:
You may be eligible if you are a person, entity, or organization (1) who, as of May 19, 2022, owns or leases one of the subject vehicles, or (2) who, at any time before May 19, 2022 owned or leased a subject vehicle. The subject vehicles are 2010-2015 Prius vehicles and 2012-2017 Prius V vehicles that were the subjects of Safety Recalls E0E, F0R, J0V, and/or 20TA10.Typical Settlement Amount:
- Customer Confidence Program that enhances current warranties for repairs/replacements of the IPM or inverter.
- Free loaner vehicles and/or towing in certain situations.
- Reimbursements for certain expenses not previously reimbursed by Toyota.
- Possible Redistribution payments of up to $250 per person.
The out-of-pocket costs to be reimbursed must not have previously reimbursed by Toyota and must have been incurred before the Final Effective Date, which at the moment is expected to be February 12, 2023. For a fuller description of, and terms and conditions for, these benefits, see the Notice at http://www.toyotapriusinvertersettlement.com/home/512/DocumentHandler?docPath=/Documents/Long_Form_w_Exhibits_corrected_URL.pdf.
Total Settlement Amount: $20,000,000 for Non-Reversionary Initial Settlement FundClass Representative Proposed Incentive Fee:
Fazio & Micheletti
Miller Barondess, LLP
Case Name: Remy McCarthy, et al., v. Toyota Motor Corp., et al.
Settlement Website: Toyota Prius Defective Inverters Settlement Website
Kroll Settlement Administration, LLC
Prius IPM Settlement Notice Administrator
c/o Kroll Notice Administration
P.O. Box 5324
New York, NY 10150-5324