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Takata's Japanese Parent Seeks Ch. 15, Litigation Halt

Law360, Wilmington (August 10, 2017, 2:22 PM EDT) -- Takata’s corporate parent in Japan, already under a form of bankruptcy protection in its home country, sought Chapter 15 recognition Thursday in Delaware, opening another front in the company’s quest to halt the firestorm of litigation over defective Takata air bag inflators linked to at least a dozen deaths.

The Chapter 15 filing for Takata Corp., which came along with Japanese affiliates Takata Kyushu Corp. and Takata Service Corp., had been expected since the case for Takata's U.S. arm, TK Holdings Inc., and affiliates, sought Chapter...
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