SHAREHOLDER ALERT: Pomerantz Law Firm Announces Filing of Class Action Lawsuit Against Toyota Motor Corporation

NEW YORK, 25 June 2024 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against Toyota Motor Corporation (“Toyota” or the “Company”) (NYSE: TM). Investors are urged to contact Danielle Peyton at (email protected) or 646-581-9980 (or 888.4-POMLAW), toll-free, extension 7980. For inquiries by email, you will be asked to provide your mailing address, telephone number and the number of shares purchased.

The class action lawsuit concerns whether Toyota and certain of its officers and/or directors engaged in securities transactions Fraud or other unlawful business practices.

You have until 23 August 2024to ask the Court to appoint you as lead plaintiff for the class if you are a shareholder who purchased or otherwise acquired Toyota securities during the Class Period. A copy of the complaint is available atT www.pomerantzlaw.com.

(Click here for information on joining the class action lawsuit.)

At June 3, 2024Toyota filed with the U.S. Securities and Exchange Commission an English translation of an announcement Toyota had filed with the Tokyo Stock Exchange earlier that day. Toyota’s announcement stated that after “investigating its model certification applications in accordance with the instructions of the Ministry of Land, Infrastructure, Transport and Tourism (MLIT),” Toyota found that “seven models… were tested using methods that deviated from government standards(.)” On the same day, the New York Times published an article titled “Toyota and other Japanese automakers say they mishandled safety tests.” The article reported that “Toyota (. . .) and other leading Japanese automakers (have admitted) that internal investigations have found they mishandled vehicle tests on dozens of models over the past decade.” It also said “Toyota failed to conduct pedestrian and passenger safety tests on three models, including the popular Yaris Cross Sports Utility Vehicle.”

Due to this news, the price of Toyota’s American Depositary Shares (ADS) fell $5.34 per ADS or 2.45%, ending at $212.17 via ADS on June 3, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

Attorney advertising. Past results do not guarantee similar results.

CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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