U.S. prosecutors are considering using the legal theory behind a $1.2 billion penalty imposed on Toyota to go after misconduct in industries ranging from auto and airplane makers to mining, a Justice Department official told Reuters. The charges of wire fraud against Toyota for concealing safety problems marked the first criminal case of its kind against an auto company. The announcement last week of the settlement between the Department of Justice and Toyota immediately prompted speculation about its ramifications for General Motors, which is under investigation over its handling of a problem with ignition switches. Prosecutors have generally used a narrower approach in previous criminal cases against companies for misleading the public over safety issues.
via Business News - Yahoo Finance http://ift.tt/OUg6tA
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