Ford Gets Initial OK On $300M Deal To Exit Takata MDL
By Nathan Hale (September 5, 2018, 8:19 PM EDT) -- A Florida federal judge granted preliminary approval on Wednesday to a $299.1 million deal for Ford Motor Co. to exit multidistrict litigation over defective Takata Corp. air bags and hasten the removal of dangerous air bag inflators from 6 million affected vehicles.
U.S. District Judge Federico A. Moreno said the agreement, which mirrors previous settlements with automakers in the sprawling case, appeared to meet the necessary requirements. He set a Dec. 11 fairness hearing ahead of determining final approval.
"We are pleased that Judge Moreno granted preliminary approval, and that our Ford class members are one step closer to seeing this...
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!