Takata Expected To Take Plea, Pay $1B Over Deadly Air Bags

Law360, New York (January 12, 2017, 3:42 PM EST) -- Takata Corp. may plead guilty to criminal wrongdoing and pay out about $1 billion to end a U.S. Department of Justice investigation into its potentially deadly air bag inflators as soon as Friday, according to media reports on Thursday.

The troubled auto parts company—which is mulling restructuring after the massive global recalls over its widely used vehicle air bag inflators linked to at least 11 deaths in the U.S. — is anticipated to plead guilty to wire fraud connected to the faked data from test reports that the Japan-based company provided to car makers, according to news reports.

Millions of air...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!