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Air bag claimants say carmakers shielded in Takata U.S. unit's bankruptcy
November 14, 2017 / 10:09 PM / in 4 days

Air bag claimants say carmakers shielded in Takata U.S. unit's bankruptcy

(Reuters) -

Nearly 30 people claiming personal injuries from defective Takata Corp air bags have objected to a restructuring agreement in the bankruptcy of the Japanese company’s U.S. unit, arguing it would improperly extend bankruptcy protection to carmakers.

The agreement, the foundation for a restructuring plan in the Chapter 11 bankruptcy of TK Holdings, includes “unprecedented, broad-sweeping” provisions, according to papers filed in Bankruptcy Court in Delaware by the claimants.

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