We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Takata's Japanese Parent Gets Temporary Litigation Shield

Law360, Wilmington (August 11, 2017, 5:27 PM EDT) -- A Delaware bankruptcy judge gave Takata’s Japanese parent, which has petitioned for Chapter 15 recognition, temporary protection Friday from collection efforts and lawsuits in the United States, with a larger fight over whether that shield should become permanent set for September.

During a hearing in Wilmington, U.S. Bankruptcy Judge Brendan L. Shannon granted the provisional relief requested by Chapter 15 debtors Takata Corp. and affiliates Takata Kyushu Corp. and Takata Service Corp. that extends what are essentially the automatic stay powers in Chapter 11 to those...
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.