Toyota Case Could Be Template for Future Corporate Prosecutions

Newswire

By Aruna Viswanatha WASHINGTON, March 25 (Reuters) - U.S. prosecutors are considering using the legal theory behind a $1.2 billion penalty imposed on Toyota to go after misconduct in industries ranging from auto and airplane makers to mining, a Justice Department official told Reuters. The charges of wire fraud against Toyota for concealing safety problems marked the first criminal case of its kind against an auto company. The announcement last week of the settlement between the Department ...

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