Nearly five months after Toyota Motor Corp. agreed to a $1.2-billion settlement with the U.S. Justice Department the two sides agreed on a monitor for the Japanese maker’s safety compliance efforts: former U.S. Attorney David Kelley.
In March, Toyota pleaded not guilty, but acknowledged wrongdoing in its handling of cases of unintended acceleration. The two sides reviewed more than a dozen possible candidates before settling on Kelley.
A partner at Cahill Gordon & Reindel LLP in New York, Kelley role will have him reviewing Toyota’s safety policies and procedures as well as verifying the accuracy of its public statements. (more…)