Friday, July 7, 2017

Injured drivers get official role in Takata bankruptcy.

Reuters (7/6, Hals) reports from Wilmington, DE that “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.” According to Reuters, “a seven-member official committee will represent economic loss and personal injury or tort claimants, David Buchbinder, a lawyer with the U.S. Department of Justice’s bankruptcy watchdog, told a meeting of creditors of Takata’s U.S. business.” Reuters notes that “official committees receive funds from a debtor to hire professionals who can carry out investigations and test financial assumptions.” 

No comments:

Post a Comment