McCarthy v. Toyota Motor Corp.
Feb 03, 2023OUTCOME: Settlement valued at approximately $200 million
Consumer-fraud class action involving defective Intelligent Power Modules (IPMs) in the hybrid inverters of more than 1 million Prius and Prius v hybrid vehicles produced in the 2010 through 2017 model ... years. Case settled after five years of intensive litigation, leading to two separate safety recalls, a non-reversionary $20 million cash fund for reimbursement of class members' IPM-related repairs, extension of inverter warranty to 20 years without any mileage limitation, and free towing and loaner cars in the event a class vehicle has an IPM- or inverter-related problem in the future
