Takata To Plead Guilty To Wire Fraud In Air Bag Scandal

Law360, New York (February 8, 2017, 7:41 PM EST) -- Takata Corp. will plead guilty to one count of wire fraud in Michigan federal court Feb. 27 as part of its plea deal with prosecutors over the company's potentially deadly air bag inflators, according to a Tuesday court filing.

The Japanese auto parts manufacturer’s plea stems from a settlement the company reached with the U.S. Department of Justice in January that also requires Takata to pay nearly $1 billion for falsifying testing data and reports about its inflators and to repay anyone injured by them. The company will enter its plea before U.S. District Judge George Caram Steeh at 1:30 p.m....

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