A bunch of whack-job Toyota share-holders are suing Toyota for the price of their stocks falling.  Wouldn’t we all like to sue companies whose stocks we hold and decrease in value?   Their spin is that Toyota maliciously covered up the acceleration issues and made excuse,s like floor mats getting in the way, to deliberately make stock prices continue to rise.

Basically their claim is that Toyota didn’t declare a design fault that would cause the acceleration issues and would ultimately bring stock prices down.   That’s like suing Compaq for not keeping up with Apple’s technology…a flaw in the design of the company’s competitiveness…yet it’s a risk when you are in the computer industry.  They invested in a car company; shit happens…like recalls.  Just because it’s not Ford or GM doesn’t mean Toyota would be immune to the errors that can occur in vehicle manufacturing.

I agree that Toyota fucked up the handling of the recalls, but I really think that was more their inexperience in recalls…not the big wigs in the board room plotting how to keep stock prices up with their mad scientist laughs.  As you saw in my prior post, I’m glad Toyota was humbled (and I’m a Toyota owner), however, I find it hard to fathom that their focus was to fool investors.  I would say it’ll be a hard case to prove.