Judge OKs Toyota's $1.2 Billion Settlement in Defect-Concealment Case

Newswire

(Adds details of court hearing, background on case) By Nate Raymond NEW YORK, March 20 (Reuters) - A U.S. judge signed off on Toyota Motor Corp's $1.2 billion settlement of criminal charges that it concealed safety problems in its vehicles, an accord that could serve as a model for a similar probe into General Motors Co. U.S. District Judge William Pauley approved the Japanese automaker's deferred prosecution agreement at a Thursday hearing in Manhattan. His approval came one day ...

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