U.S. judge approves Toyota’s $one.2 billion unintended acceleration deal

March 20, 2014 – 1:50 pm ET

NEW YORK (Reuters) — A U.S. judge accredited a deferred prosecution agreement with Toyota Motor Corp. on Thursday that resolves an investigation into security troubles and could serve as a model in a comparable probe of Basic Motors.

U.S. District Judge William Pauley’;s determination, delivered at a hearing in New York, came a day soon after the U.S. Justice Department announced Toyota would pay out $ 1.2 billion to settle the investigation stemming from problems that induced cars to accelerate suddenly.

The judge explained the situation presented a “reprehensible image of corporate misconduct.”

Pauley mentioned he hoped it was not the end but rather the beginning in the government’;s efforts to hold the people at Toyota accountable who created the decisions at the heart of the situation.

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