Takata Corp’s U.S. unit has reached a settlement with representatives of those injured by lethally defective airbags, paving the way for the company to exit Chapter 11 bankruptcy and move forward with a reorganization plan, according to court documents. The …
People injured by Takata Corp.’s defective air bags were given an official role in the bankruptcy of its U.S. unit on Thursday, allowing them to challenge restructuring plans that plaintiffs’ lawyers have criticized as protective of automakers. A seven-member official …
A bankruptcy filing by Japanese airbag maker Takata will leave little money for dozens of people who sued the company over deaths and injuries caused by its exploding airbag inflators, according to outside legal experts and lawyers suing the company. …