Toyota Motor Corporation (NYSE: TM)

This lawsuit is for anyone who acquired securities in Toyota Motor Corporation (NYSE: TM) from June 23, 2022 through June 2, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company performed necessary safety tests on its vehicles when the Company did not perform the proper tests on some of its models.

On June 3, 2024, The New York Times reported that “Toyota [. . .] and other top Japanese automakers [acknowledged] that internal investigations found they had mishandled vehicle testing on dozens of models over the past decade.” Additionally, the article stated that Toyota “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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Toyota Motor Corporation (NYSE: TM) from June 23, 2022 through June 2, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.