Toyota raced Friday to finalise a fix for sticky accelerator pedals at the centre of a massive safety recall as rival manufacturers sought to cash in on the Japanese giant's woes.Toyota said its parts supplier CTS had begun making pedals based on a new design that resolved the problem and the two firms are testing a remedy that will be rolled out "as quickly as possible" for cars already on the road.
No one likes mounting legal bills. Tax deductions can help, but deductible how? See The Only Good Legal Fees Are Tax Deductible Legal Fees. One of the nettlesome tax issues relating to legal fees is the nature of the deduction taxpayers receive. An individual who can only deduct legal fees as a miscellaneous itemized deduction ...
Toyota is facing dozens of class-action lawsuits in the US that could cost it billions of dollars in damages as the Japanese company struggles to contain the fall-out from its mass recall of faulty cars
Eddy Elfenbein submits: One sign that JPMorgan Chase (JPM) is doing well: Everyone’s trying to sue them. A Madoff trustee is after them for $6.4 billion. Also, Lehman Brothers is on the warpath for $8.6 billion.