Heat On For Remaining Auto Cos. To Settle In Takata MDL

Law360, New York (May 18, 2017, 9:32 PM EDT) -- A settlement made Thursday by Toyota, Subaru, Mazda and BMW, who agreed to pay a combined $553.6 million to end allegations in multidistrict litigation over potentially fatal Takata air bags, ups the pressure on the remaining three car manufacturers in the litigation to reach deals of their own, experts say.

The automakers' exit from the massive MDL sends a strong signal that the remaining automakers — Ford, Nissan and Honda — should chart their paths to a settlement quickly, attorneys said, pointing to the difficulty of trying cases...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.