10 Of The Most Outrageous Lawsuit Payouts In History
Toyota’s Acceleration Lawsuit
In 2014, Toyota settled a lawsuit that was actually filed by the federal government for more than $1.2 billion. At issue were some rather sticky accelerators as well as loose floor mats, and failing brakes. After the suit was settled, the company recalled more than 10 million cars.
The Cigarette Lawsuit
After a years long lawsuit by the federal government of the cigarette companies collectively known as Big Tobacco, a settlement was reached in 1998. The government had been claiming the firms lied about the dangerous and addictive properties of their product. The settlement totaled more than $206 billion to be paid out over 25 years in 46 different states.