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Toyota Should Face Gas Tank Defect Suit, Judge Says

ADVERTISEMENT ADVERTISEMENT Toyota Should Face Gas Tank Defect Suit, Judge Says Law360 (March 17, 2021, 4:15 PM EDT) A Texas magistrate judge recommended against dismissing a suit by Toyota buyers claiming the gas tanks in their hybrid vehicles couldn t be filled to capacity, saying their proposed class action complaint sufficiently alleges that they were harmed by the alleged defect. U.S. Magistrate Judge Roy S. Payne on Tuesday sided with the named plaintiffs, David Pulkrabek, Barbara Rainey, Andrew Schwab and Wesley and Whitney Dickman, on every count of the complaint, rejecting arguments from Toyota Motor Sales USA Inc. and Toyota Motor North America Inc.

Excelerate Health Ventures in Durham raising second fund, makes $23M first close

DURHAM –Excelerate Health Ventures, which invested in three North Carolina startups from its first fund, has made its first close of $23.2 million on a fund aimed at $35 million, according to a regulatory filing. Founded in 2013, it raised its first fund in 2014. Excelerate invests in early-stage companies doing something to change healthcare, said Exccelerate managing partner Andrew Schwab in an interview with WRAL TechWire. “We focus on a broad range of unmet needs. Staff burnout. new models for clinical trials, emerging payment methods, monitoring, which the pandemic has made so important. Andy Schwab, managing partner, Excelerate Health Ventures. Excelerate photo. Schwab and Managing Partner Bobby Bahram, both serial entrepreneurs themselves, said deal flow is good, although they have had to adjust to the virtual world. ‘We use zoom a lot,” said Schwab, “but I think everyone is anxious to get back to face-to-face.”

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