San Diego, CA, United States (AHN) – Automaker Toyota has agreed to settle a wrongful death lawsuit of the family of four people killed in a runaway Lexus for $10 million.

The 2009 car crash that killed an off-duty California Highway Patrol officer, his wife their daughter and the trooper’s brother-in-law led to the recall of millions of vehicles.

The family was travelling on a suburban San Diego freeway when their car sped out of control, reaching speeds of 120 mph. The vehicle struck an SUV, went over an embankment, rolled several times and then burst into flames.

Accident investigators concluded that a faulty floor mat was to blame and Toyota recalled millions of cars to replace their floor mats. Another recall followed involving replacing pedals that could potentially stick.

Toyota reached a confidential settlement agreement with the family in September and declined to publicly announce the figure. However a lawyer for the dealership that lent the family the vehicle released the amount.

Toyota did not admit or deny liability in the settlement but released a statement expressing its disappointment in the public revelation of the settlement amount.

The car maker said: “As is common in these cases, these parties agreed to keep the amount confidential, in part to protect the families from unwanted solicitations and to allow them to move on from this difficult period.”

View full post on All Stories

**Do You Think That The Death Of Bruce Wasserstein Is A Great Loss?**

VOTE YES  or  VOTE NO

(Just vote above for your chance to win a Free Dell Laptop)

Bruce Wasserstein, chairman and chief executive of Lazard died at 61. The cause of death of Mr. Wasserstein is until now not undetermined. Though Mr. Wasserstein was hospitalized earlier this week for irregular heartbeat. The company explained that Mr. Wasserstein’s condition was serious, but he was recovering and stable.

Bruce Wassertein started his career as a lawyer but quickly he shifted into investment banking and worked on some of the major deals for the past three decades. The Kohlberg Kravis Robert’s takeover of RJR Nabisco was his famous achievements. Mr. Wasserstein’s thinking in deal making is like a game of chess – one move ripe for complex tactic and frequently came at high cost. On his deals he always advocated win-win conditions and encouraged his clients also to do so in other deals. To date, Mr. Wasserstein is dubbed by his friends and colleagues as a great tactician.

Before, Mr. Wasserstein became a Lazard CEO he was hired first to run an investment bank. From there he influenced many of the firm’s dealmakers to support one of the largest deals of his profession. As a result he took Lazard public and ending more than a century of private ownership. From then on, Mr. Wassserstein became popular that he even made a surprise bid for New York Magazine, beating some of the city’s richest businessman.

Poll:

Do You Think That The Death Of Bruce Wasserstein Is A Great Loss?**

VOTE YES  or  VOTE NO

(Just vote above for your chance to win a Free Dell Laptop)

Win A Free Dell Laptop!

Article Source:http://www.articlesbase.com/men’s-issues-articles/death-of-bruce-wasserstein-gives-burden-to-the-business-industry-1341899.html