Toyota(TM) Deadline Approaches: Berger Montague Warns Investors Ahead of Deadline in Securities Fraud Lawsuit

Philadelphia, Pennsylvania–(Newsfile Corp. – August 14, 2024) – A securities fraud lawsuit has been filed against Toyota Motor Corp. (“Toyota” or the “Company”) (NYSE: TM). The lawsuit is captioned Abeed v. Toyota Motor Corp. et al.No. 2:24-cv-05284 (CD Cal.) and is filed on behalf of the purchasers Toyota Securities for the period from June 23, 2022 to June 2, 2024, inclusive (the “Class Period”).

CLICK HERE TO LEARN MORE ABOUT THIS LAWSUIT.

Investors who purchased or acquired Toyota securities during the class period may request appointment as lead representative plaintiff in the class no later than August 23, 2024.

Toyota is a Japanese car manufacturer.

The complaint alleges that throughout the entirety of the lawsuit, defendants materially misrepresented and/or failed to disclose that: (1) Toyota underreported its misrepresentations relating to its vehicle certification and general regulatory compliance issues; and (2) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all material times.

For further information or to learn how to participate in this proceeding, please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, Peter Hamner at [email protected] or (215) 875-3048, or CLICK HERE.

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. A lead plaintiff is typically an investor or small group of investors who have the strongest financial interest and who are also suitable and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class, and those counsel, if approved by the Court, serve as lead or class counsel. However, your ability to participate in any discovery is not limited by your decision to serve as lead plaintiff. Communication with any counsel is not necessary to participate in or participate in any discovery reached in this case. Any member of the putative class may file a motion with the Court to serve as lead plaintiff through counsel of his or her choice, or may elect to take no action and remain an inactive member of the class.

Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in the field of securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for more than five decades and serves as general counsel in courts throughout the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219916