By Tom Hals
WILMINGTON, Del., June 27 (Reuters) – Lawyers for people
injured by exploding Takata Corp air bags told a U.S.
bankruptcy court judge on Tuesday that the company’s
restructuring plan is being skewed to benefit automakers over
victims.
TK Holdings Inc, the U.S. business of Takata, filed for
Chapter 11 bankruptcy on Sunday due to tens of billions of
dollars of liabilities from recalls and lawsuits over its air
bags, along with 11 Mexican and U.S. subsidiaries.
Most of Takata’s obligations are owed to automakers for
recalling and replacing millions of its air bags, and the
Japanese supplier’s restructuring plan relies heavily on
financial support from its customers.
Several personal injury l…
Read the full article at: http://www.businessinsider.com/r-us-plaintiffs-lawyers-warn-of-automaker-role-in-takata-bankruptcy-2017-6