Takata has arrived at an agreement with injured drivers and creditors to establish a trust fund to settle lawsuits over injuries from the company's defective air bags. The settlement will allow Takata to emerge from Chapter 11 bankruptcy and pursue a reorganization plan through which a Chinese-owned company will acquire most of Takata's assets.
Takata reaches agreement to resolve lawsuits over air-bag inflators
Sign up for D.C. Bar Legal Brief
Global legal professionals, law students and others within the DC legal community.
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.