UPDATE 1-Toyota settles $40 mln US lawsuit by quadriplegic

Newswire

(Adds quotes, details, background) By Steve Gorman LOS ANGELES, Oct 28 (Reuters) - Toyota Motor Corp. has reached an out-of-court settlement to a $40 million lawsuit brought against the Japan-based automaker by a quadriplegic over an allegedly flawed seat belt system, the plaintiff's lawyer said on Monday. The two sides agreed not to disclose the terms of the settlement, which was reached last Friday with the help of mediation from a judge four days after the case went to trial, said ...

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