You are here: Home » International » News » Companies
Business Standard

Carmakers using Takata bankruptcy to limit liability in faulty airbag case

People injured by air bags, appointed to an official committee in Japanese company's US bankruptcy

Reuters  |  WILMINGTON, Del./NEW YORK 

The global recall of Takata Corp's defective air bags widened last week and the number of confirmed deaths rose, but legal experts said the bigger worry for car companies caught in the fallout is playing out in a Delaware bankruptcy courtroom. Earlier this month, people injured by the air bags, which degrade over time and can inflate with excessive force, were appointed to their own official committee in the Japanese company's US bankruptcy, giving them a powerful voice in the proceedings. This unusual committee, which includes people whose cars lost value due to the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, July 17 2017. 15:10 IST
RECOMMENDED FOR YOU