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Takata Whistleblowers Say Ch. 11 Plan Must Reserve $250M

Law360, Wilmington (February 6, 2018, 6:12 PM EST) -- A pair of purported whistleblowers who say they could be entitled to up to $250 million of the nearly $1 billion restitution fund in Takata’s criminal case over faulty air bag inflators objected Tuesday to the company’s Chapter 11 plan on grounds it doesn’t take into account any pending whistleblower award.

In an objection before the Delaware bankruptcy court, the confidential whistleblowers argued that they are awaiting the conclusion of Takata's criminal case in the Eastern District of Michigan, which concerns faulty air bag inflators that...
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