Mexican Media Brands
Takata to Plead Guilty in U.S. to Wire Fraud This Month
Takata Corp. is scheduled to plead guilty on Feb. 27 to settle a U.S. Dept. of Justice investigation into the company’s efforts to hide defects in its explosion-prone airbag inflators.
#legal
Share
Takata Corp. is scheduled to plead guilty on Feb. 27 to settle a U.S. Dept. of Justice investigation into the company’s efforts to hide defects in its explosion-prone airbag inflators.
The plea will be filed in a federal court in Detroit. The supplier agreed last month to plead guilty to one count of wire fraud and pay $1 billion in fines and restitution.
About $850 million of the settlement will go to carmakers to help offset their cost of recalling tens of millions of faulty inflators. The devices have been blamed for 11 fatalities and more than 100 injuries in the U.S.
Under the settlement terms, Takata also will pay a $25 million criminal fine and set up a $125 million compensation program for victims.
RELATED CONTENT
-
Uber Settles with Family of Woman Killed in Self-Driving Car Crash
Uber Technologies Inc. has quickly settled on damages to the survivors of a woman killed in Tempe, Ariz., last week by an Uber test vehicle operating in autonomous mode.
-
U.S. Justice Dept. Asks VW to Delay Diesel Cheating Report
The U.S. Dept. of Justice has asked Volkswagen AG not to release findings of an independent probe into the German carmaker's diesel emission cheating scandal.
-
The Law and Autonomous Cars
Features that enable your car to drive itself are coming to market now, but regulations to govern their performance have lagged, notes Jennifer Dukarski, an attorney with the Butzel Long law firm.