Toyota Motor North America Inc. has announced that it has settled a sexual harassment lawsuit filed by a female employee. The terms of settlement could not be released because of mutual agreement to keep them confidential.
The employee, Sayaka Kobayashi, 42, had sought $190 million in damages in the suit filed with the New York State Supreme Court against her former boss, Hideaki Otaka, as well the company's North American unit and its Japanese parent.
Otaka has since stepped down as the president and chief executive of Toyota's U.S. unit. Otaka has said he is innocent.
Both sides have released a joint statement in which they said they were "pleased" to have reached a mutually satisfactory settlement.
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