U.S. judge OKs Toyota's $1.1 bln acceleration settlement

SAN FRANCISCO Fri Dec 28, 2012 4:53pm EST

SAN FRANCISCO Dec 28 (Reuters) - A U.S. judge granted preliminary approval on Friday to Toyota Motor Corp's $1.1 billion settlement of a class-action lawsuit brought by consumers who lost value on their cars due to sudden, unintended acceleration.

The order on Friday came from U.S. District Judge James Selna in Santa Ana, California.