Toyota's Second Shoe Drops: Shareholders Sue

Toyota faces several pending class actions that allege it publicly dismissed the seriousness of several design flaws while knowing that the problems might have caused a dramatic sell-off of Toyota shares.

Orange County Sues Toyota Over Defects

Things just keep getting worse for Toyota Motor. Orange County, Calif. prosecutors filed the first consumer protection lawsuit against the world's top car maker, alleging Toyota knew of acceleration defects in its vehicles and chose to sell them anyway.