Philadelphia, Pennsylvania--(Newsfile Corp. - August 20, 2024) - A securities fraud lawsuit has been filed against Toyota Motor Corp. ("Toyota" or the "Company") (NYSE: TM). The lawsuit is captioned Abeed v. Toyota Motor Corp., et al., No. 2:24-cv-05284 (C.D. Cal.), and is filed on behalf of purchasers of Toyota securities between June 23, 2022 and June 2, 2024, inclusive (the "Class Period").
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Investors who purchased or acquired Toyota securities during the Class Period may, no later than August 23, 2024, seek to be appointed as a lead plaintiff representative of the class.
Toyota is a Japanese automobile manufacturer.
The complaint alleges that, throughout the Class Period, Defendants misrepresented and/or failed to disclose that: (1) Toyota understated its malfeasance relating to certification of its cars and issues relating to overall legal compliance; and (2) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, Peter Hamner at phamner@bm.net or (215) 875-3048, or CLICK HERE.
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
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