The Law Offices of Howard G. Smith is investigating whether Toyota Motor Corporation (NYSE: TM) breached its fiduciary duty to its employees who were invested in its 401(k) Plan by steering its employees to invest their retirement savings in Toyota stock when the Company knew that doing so was a bad investment.
Specifically, the Law Offices of Howard G. Smith believes that the Company steered its employees to invest their retirement savings in Company stock despite knowing, among other things, that the Company was failing to disclose that there was a major design defect in Toyota’s acceleration system which could cause unintended acceleration on some vehicles and thereby cause automobile accidents and further knowing that once the defect was discovered the share price of the Company's stock would plummet. In fact, when the truth finally came to light on February 2, 2010, the Company's share price did plummet.
The Law Offices of Howard G. Smith believes that the Company acted unfairly towards its employees and seeks to recover the money that they have lost on their investment in the Company's 401(k) Plan. If you were an employee of Toyota Motor Corporation (NYSE: TM) and are invested in the Company’s 401(k) Plan, please call the Law Offices of Howard G. Smith and speak to Mr. Smith directly regarding how he can help you, or complete the online questionnaire and Mr. Smith will promptly call you.
