[Tsar]

Originally Posted by BigAls87Z28

Toyota, on the other hand, downplayed and just shrugged it off as it was just a simple little mistake like a stupid floor mat.

Show me proof where it says they maliciously did what they did, and it was not a simple mistake? You can't. End of story. To this day no one has been able to re create what this fuss is all about.

Stocks go up and down. But if you manipulate the news to stimulate stock pricing, then thats illegal.

Sure, if one can prove that there was some sort of manipulation.

Yet...some how you drag GM into this.

It was an example, you can replace GM with any company if you like. Now dig out your panties out of your vag.

Originally Posted by BonzoHansen

I think the legal question is did Toyota withhold material information and thus mislead shareholders. This is hard to prove.

Ford was sued for a similar thing, whoever was suing failed. Company is not obligated to release any kind of info unless they are absolutely sure of it, so this gives no reason to Toyota to murder their own stock prices as they figure out what's going on.

I do not think old GM did that. The numbers in their annual reports are what they are, with never ending negative cash flows. Anyone who looked at the numbers knew that.

GM has mislead plenty of people, from re-badging Chevy's as a Caddy, to side saddle gas tanks. I don't want to give Al a heart attack though.

Now stop picking on Al.

It's fun to do

Originally Posted by SteveR

I saw on the news this morning that the shareholders are suing because they do have proof. They claim Toyota provided them with false information and claimed that all of the acceleration problems were due solely to user error and it was because people were jamming the floor mat against the gas pedal.

If they have proof, great!

Just now I saw some commissioner dude on TV who was talking about the latest prius crash where the woman claimed that her car got away from her because the gas pedal got jammed and she was not able to stop; even though she was mashing the brake as hard as she could. It was said that she's a big liar and never stepped on the brakes, the accident was determined to be a user error.

I'm still waiting for someone to re create this Toyota run away problem without crafty video editing.

Ok I'm spent..