NEW YORK, NY / ACCESSWIRE / November 21, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Toyota Motor Corporation ("Toyota" or "the Company") (NYSE:TM). Investors who purchased Toyota securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/tm.
The investigation concerns whether Toyota has violated federal securities laws.
On November 20, 2023, the Consumer Financial Protection Bureau ("CFPB) issued a press release announcing that it had "ordered Toyota Motor Credit Corporation to pay $60 million in consumer redress and penalties for operating an illegal scheme to prevent borrowers from cancelling product bundles that increased their monthly car loan payments. The company withheld refunds or refunded incorrect amounts on the bundled products and knowingly tarnished consumers' credit reports with false information. The CFPB is ordering Toyota Motor Credit to stop its unlawful practices, pay $48 million to harmed consumers, and pay a $12 million penalty into the CFPB's victims relief fund." On this news, Toyota's stock price fell sharply during intraday trading on November 20, 2023.
If you are aware of any facts relating to this investigation or purchased Toyota securities, you can assist this investigation by visiting the firm's site: bgandg.com/tm. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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SOURCE: Bronstein, Gewirtz and Grossman, LLC