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Takata Fund Offers Three Ways to File Claims for Airbag Inflator Injuries
Two funds set up last year to compensate victims of exploding Takata Corp. airbag inflators will accept three types of claims covering personal injuries or wrongful death.
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Two funds set up last year to compensate victims of exploding Takata Corp. airbag inflators will accept three types of claims covering personal injuries or wrongful death.
The individual restitution fund created by Takata as part of a settlement in a criminal lawsuit brought by the U.S. Dept. of Justice has $125 million to dispense. A separate Takata airbag tort compensation trust fund (TATCTF), resulting from Takata’s Chapter 11 bankruptcy, has $140 million to distribute.
Last year courts that approved the two funds appointed Eric Green, a mediator and Boston law professor, to manage both programs.
Victims may file direct personal injury or wrongful death claims with either fund. They also may file a claim through the TATCTF against Honda Motor Corp., one of the many carmakers whose vehicles were equipped with faulty Takata inflators.
Claim forms and details about the filing process can be found at the just-activated TakataSpecialMaster.com and TakataAirbagInjuryTrust.com websites.
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