The former chairman and two other executives helped cover up losses at the Japanese camera and electronics company but the judge noted that they didn't personally benefit.
A U.S. judge has approved the addition of four more plaintiffs' attorneys in the Toyota sudden acceleration litigation., and may grant wider access to software source code the company has sought to restrict.
Concerns about the allocation of possible excess cash appear to have held up for now the proposed $1.6 billion settlement between Toyota and consumers asserting economic damages tied to sudden acceleration defects.
Proceeds from the issue will help the Tokyo-based company finance its proposed $20.1 billion acquisition of U.S. mobile telecom carrier Sprint Nextel Corp.
The U.K. firm has entered into an exclusive arrangement with 16-lawyer Hashidate Law Office.
Project finance specialist Aled Davies will join Milbank's Tokyo office on September 1.
Anderson Mori and Sullivan & Cromwell also have roles in what is expected to be the biggest IPO in Japan this year.
Potential class members in the U.S. sudden acceleration litigation against Toyota Motor Corp. have filed objections to a proposed $1.6 billion settlement.
A significant amount of yen is flowing into Southeast Asia as Japanese companies seek growth outside the country. The lawyers aren't far behind.
The shifting market, a series of departures and leadership changes—in the U.S. as well as Asia—have raised questions about the firm's Asia strategy. But chairman Bradley Butwin insists that O'Melveny's commitment to Asia is as strong as it ever was.