Mexican Media Brands
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.
#legal
Share
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.
RELATED CONTENT
-
Tesla Sued Over Fatal Crash of Car in Autopilot Mode
Tesla Inc. has been sued by the family of a California man whose Tesla Model X crossover vehicle crashed into a highway barrier last year while the car was operating in semi-autonomous Autopilot mode.
-
Grand Jury Indicts Former FCA Executive In Union Payoff Scheme
A former labor relations executive at Fiat Chrysler Automobiles NV has been charged with making more than $2.2 million in illegal payments to himself and a United Auto Workers union official in Detroit.
-
Court Ruling Exposes GM to Punitive Damages Over Ignition Switches
A new ruling by the federal judge who presided over General Motors Corp.’s 2009 bankruptcy could expose post-bankruptcy General Motors Co. to a wave of costly punitive damage awards linked to the company’s defective ignition switches.