August 4, 2014 - The court ordered the authorization of the distribution of the net settlement fund.
March 19, 2013 - The court approved the motion for attorneys’ fees and expenses.

March 15, 2013 - The court approved the settlement, entered the orders approving the plan of allocation, and dismissed the action with prejudice.

January 3, 2013 - The court preliminarily approved the settlement.

January 2, 2013 - The lead plaintiff filed an amendment to the amended stipulation of settlement.

December 19, 2012 - Parties filed an amended stipulation of settlement.

November 13, 2012 - Parties filed a stipulation of settlement.

July 7, 2011 - The court granted in part and denied in part the defendants' motion to dismiss.

January 20, 2011 - Defendants filed a motion to dismiss.

October 4, 2010 - The lead plaintiff filed a consolidated complaint.

August 2, 2010 - Lead plaintiff and lead counsel were appointed and all cases were consolidated.

April 9, 2010 - Lead plaintiff motions were filed.

February 18, 2010 - An investor in American Depositary Shares (ADS) of Toyota Motor Corporation (NYSE: TM) filed a lawsuit the U.S. District Court for the Central District of California against Toyota Motor Corporation over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff alleges that Toyota Motor Corporation, certain of its affiliates and certain of their officers and directors, violated the Securities Exchange Act of 1934 by issuing materially false and misleading statements regarding Toyota Motor Corporation’s operations and its business and financial results and outlook between August 4, 2009 and February 2, 2010. The plaintiff claims that Toyota Motor Corporation misled investors by failing to disclose that there was a major design defect in Toyota Motor Corporation's acceleration system, which could cause unintended acceleration and as a result of defendants’ false statements. Toyota Motor Corporation's securities traded at artificially inflated prices during between August 4, 2009 and February 2, 2010, reaching a high of $91.78 per ADS on January 19, 2010. Then on January 21, 2010, Toyota Motor Corporation announced it would be recalling over 2 million Toyota brand vehicles in North America because of problems with the accelerator pedal sticking.

On February 2, 2010, after the market closed, Toyota Motor Corporation reported that its U.S. sales for January 2010 had dropped by 16% from a year ago due to the recall and subsequent sales suspension of its most popular models. Then, on February 3, 2010, before the market opened, Toyota Motor Corporation announced that it had received reports of brake problems in its 2010 model year Prius hybrid. As a result of this news, Toyota Motor Corporation’s ADS fell $4.69 per share, closing at $73.49 per share on February 3, 2010, on high volume, so the lawsuit. Toyota Motor Corporation ADS traded recently at $73.35 per share, down from its 52 week high of $91.97 per share, down from over $110 per share in 2008, and down from over $137 per share in 2007. Even though Toyota Motor Corporation primarily conducts business in the automotive industry, it also conducts business in the finance and other industries. It is organized in three segments: automotive operations, financial services operations and all other operations.