PHILADELPHIA, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Berger Montague PC announces that a class action lawsuit was filed in the U.S. District Court for the Central District of California on behalf of those who acquired Toyota Motor Corp. (“Toyota” or the “Company”) (NYSE: TM) securities.

If you suffered losses as a result of your investment in Toyota (NYSE: TM) and would like to learn about a potential recovery, CLICK HERE.

The lawsuit has been filed against Toyota on behalf of purchasers of Toyota securities between June 23, 2022 and June 2, 2024, inclusive (the “Class Period”).

The deadline for investors who purchased or acquired Toyota securities during the Class Period to seek to be appointed as a lead plaintiff representative of the class, is August 23, 2024.

Toyota is a Japanese car manufacturer.

According to the lawsuit, on June 3, 2024, the New York Times published an article entitled “Toyota and Other Japanese Carmakers Say They Mishandled Safety Tests.” This article stated that “Toyota [. . .] and other top Japanese automakers said on Monday that internal investigations found they had mishandled vehicle testing on dozens of models over the past decade.” Further, “Toyota said it had failed to gather proper data when doing pedestrian and occupant safety tests for three models, including its popular Yaris Cross sport utility vehicle.”

On this news, Toyota’s American Depositary Shares (“ADSs”) fell $5.34 per ADS, or 2.45%, to close at $212.17 per ADS on June 3, 2024.

For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015 or Peter Hamner at phamner@bm.net or (215) 875-3048 or CLICK HERE.

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.

Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contacts:

Andrew Abramowitz, Senior Counsel
Berger Montague PC
(215) 875-3015
aabramowitz@bm.net  

Peter Hamner
Berger Montague PC
(215) 875-3048
phamner@bm.net