UPDATE 4-Toyota seeks to settle acceleration case for $1.1 bln


* Case among the biggest in U.S. autos class-action litigation * Settlement would cover most litigation over unintended acceleration * Some 16 mln Toyota, Lexus and Scion vehicles covered by action * Settlement must be approved by a California federal judge * Toyota shares rise 2.7 pct in Tokyo By Deepa Seetharaman and Bernie Woodall DETROIT, Dec 26 (Reuters) - Toyota Motor Corp has agreed to spend $1.1 ...

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