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...

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