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The basics of a class action lawsuit

Typically, settlements for class action lawsuits do not dominate headlines, but when they do, the numbers can be staggering. Take the class action settlement reached between Toyota Motor Credit Corporation and the U.S. Department Justice regarding discriminatory markups Toyota levied against minority buyers. The $21.9 million settlement was reached to remedy the wrongs stemming from dealer incentives that led to African-American, Asian and other Pacific Islanders paying more to finance vehicles compared to white buyers regardless of their creditworthiness.

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