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.”
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