Takata Asks Bankruptcy Court To OK State Claims Discharge

Law360, Wilmington (January 29, 2018, 9:22 PM EST) -- Takata pushed the Delaware bankruptcy court on Monday to rule that potentially $1 billion in claims stemming from enforcement actions by Hawaii, New Mexico and the U.S. Virgin Islands would be discharged by a Chapter 11 plan confirmation, a notion the states argued would make bankruptcy "a haven for wrongdoers."

During a hearing in Wilmington, U.S. Bankruptcy Judge Brendan L. Shannon considered a bid for summary judgment from Takata, which sought Chapter 11 protection in June under the weight of billions of dollars in liability from...
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