The Takata Airbag Recall has been called one of the largest automotive recalls in history. The settlement that is currently being negotiated will affect many thousands and lead to a global impact on auto safety, not just for this recall but possibly in future actions as well.
The “takata airbag settlement checks 2020” is a settlement that has been reached between the company and the government. The airbag shrapnel lawyer will help you get your money back if you were affected by this issue.
(As of May 18, 2018)
The Takata airbag fault has resulted in 21 fatalities and more than 180 injuries, despite the fact that the firm hid the problem for years. Takata and the US Department of Justice reached a $1 billion settlement in 2018 to pay manufacturers ($850 million) and affected drivers ($125 million). It also paid a $25 million punishment to federal authorities for failing to disclose the flaws for so long.
Drivers and passengers who were burnt, bruised, or cut by Takata airbag shrapnel may be entitled for compensation, regardless of how the accident happened.
The Takata airbag recall is the biggest in automobile history in the United States. More than 65 million automobiles have already been recalled, with the figure likely to rise to 90 or possibly 100 million in the future.
Takata was hit with a $200 million civil penalty by the National Highway Traffic Safety Administration (NHTSA) in 2015, the biggest such punishment in history.
In May 2017, four automakers—Toyota, Mazda, Subaru, and BMW—agreed to a $553 settlement to address allegations relating to economic losses, but not personal injury, wrongful death, or property damage litigation. The following is a breakdown of the settlement:
- $278.5 million for 9.2 million cars, according to Toyota.
- BMW received $131 million in exchange for 2.3 million automobiles.
- Mazda received $75.8 million in exchange for 1.7 million automobiles.
- Subaru has a market capitalization of $68.3 million for 2.6 million automobiles.
Nissan agreed to pay $98 million to compensate owners of 4.4 million cars equipped with Takata airbags in August 2017.
Honda agreed to pay $605 million to compensate owners of 11 million cars affected by the Takata airbag recall the following month.
Individuals who have been wounded by Takata airbags may now apply for compensation from three different programs.
$125 million Takata Airbag Individual Restitution Fund
Following TK Holdings, Inc.’s criminal guilty plea for fraud, this fund was formed. People who have suffered or will suffer personal injuries or wrongful deaths as a result of a faulty Takata airbag inflator and who have not yet settled their claims against Takata are eligible for compensation.
$90 to $137 Million Takata Bankruptcy Trust
The TK Holdings, Inc. bankruptcy strategy included the creation of this trust. Individuals who have been wounded by a Takata airbag in the past, as well as potential sufferers, will be compensated. The trust is slated to begin taking claims in mid-2018.
Original Equipment Manufacturer (“POEM”) Fund Participant – Undisclosed
This fund provides compensation to anyone who have been harmed by a Takata airbag in a Honda or Acura car. Individuals who have been harmed by a faulty Takata airbag in the past, as well as potential victims, are covered by the fund.
Nonetheless, victims of airbag-related injuries and fatalities may seek redress in the courts by filing lawsuits. Takata has achieved quick and confidential agreements to avoid going to trial in all of these claims (to far).
Unknown in Parham v. Takata (2009).
The first known Takata-related death was Ashley Parham (18) of Oklahoma. After the airbag of her 2001 Honda Accord shot shrapnel into her neck, tearing through an artery, she bled to death. (She was involved in a small vehicle accident.) In August 2009, Ms. Parham’s family filed a wrongful death case, which Takata quickly resolved.
Williams v. Takata (2011) – No information available
Kristy Williams was stopped at a red light in Morrow, Georgia, in 2010 when the airbag in her 2001 Honda Civic detonated for no apparent reason. It shattered her carotid artery by shooting shrapnel into her neck. Ms. Williams managed to stop the bleeding, summoned an ambulance, and escaped with her life. She has had strokes, a seizure, and a speech issue since the tragedy, she claims.
Ms. Williams filed a case against Takata, which was resolved in January 2011 for an unknown sum.
$3 Million in Rathore v. Takata (2012)
Gurjit Rathore, 33, was killed when his Honda Accord was hit by a postal truck in December 2009. Ms. Rathore’s Takata airbag deployed, shooting shrapnel into her chest and neck. Her family filed a wrongful death case against Takata Corp. after her injuries turned deadly.
Takata paid $3 million to resolve the complaint in 2012.
Ms. Rathore’s family attempted to restart the case in 2016 after finding that Takata was aware of the potentially fatal airbag malfunction and changed data to hide it.
(2014-2015) Various v. Takata & Honda – Undisclosed
Takata and Honda resolved at least six wrongful death cases over the faulty airbags between 2014 and 2015. (In the second half of 2015, they achieved four of these unreported agreements.)
“The rapid, confidential bargains, a cornerstone of product liability lawsuits across sectors,” Bloomberg said in November 2014, “may explain why so much remains unclear about problems connected to four U.S. fatalities years after the initial recalls.” The few lawsuits that have been brought have often been settled before the victims’ attorneys have been able to obtain evidence.”
Pending case: State of Hawaii v. Takata & Honda (2016)
Hawaii became the first (but likely not the last) state to sue Takata and Honda in May 2016. Hawaii wanted $10,000 from each automobile owner who had been impacted by the airbag scare.
“We’re not going to sit back and wait for additional catastrophes to happen,” Hawaii’s Director of Consumer Protection, Steve Levins, told The New York Times. “We’re also seeking compensation for any damages linked with this occurrence, whether it’s alternative transportation expenses or a lower value of their car,” Levins said.
This case is still in the works.
Undisclosed – Johnston v. Takata & Honda (2016)
Randi Johnston of Centerville, Utah was in an accident in September 2015 while driving her 2003 Honda Civic to work. Ms. Johnston’s face and neck were slashed by metal fragments from the Takata airbag, which sliced her trachea and damaged her voice chords. Ms. Johnston’s life may have been spared by an Army doctor who arrived on the scene.
Ms. Johnston filed a case against Takata, Honda, and the auto dealership, claiming carelessness, reckless conduct, and breach of warranty. She was unable to talk at the time of the filing due to damage to her vocal cords.
Ms. Johnston and the defendants negotiated an undisclosed settlement in June 2016.
Mincey v. Takata (2016) – No information available
Patricia Mincey, 75, was paralyzed in June 2014 when the Takata airbag in her 2001 Honda Civic inflated with excessive force following an accident. Less than a week after the collision, this airbag was recalled.
Ms. Mincey lost all sensation below her neck and eventually sued Takata, saying that the company knew about the faulty airbags and marketed them anyhow. Sadly, she died in April 2016 as a result of injuries connected to her quadriplegia.
Takata negotiated an undisclosed deal with Ms. Mincey’s family on July 15, 2016, only minutes before her trial was to begin.
Tanif v. Takata & Honda (2016) – No information available
Huma Hanif, a 17-year-old Texan, and her family obtained an undisclosed settlement with Takata, Honda, and Westside Hummer, where Ms. Hanif acquired her 2002 Honda Civic, on November 8, 2016.
Ms. Hanif was killed after her Honda Civic collided with another car in Houston on March 31, 2016. Ms. Hanif died at the scene when shrapnel from the airbag struck her in the neck.
These cases are still going on.
Our lawyers have handled several mass-litigation cases involving automobiles, including those involving Continental airbags, GM ignition switches, and Volkswagen emissions fraud. We have previously obtained jury judgments and settlements against automakers, and our experience in this field qualifies us to handle big and complicated class action cases.
If you or a loved one has been hurt by a Takata airbag issue, please call us right away for a free, no-obligation consultation. Because these cases are time-sensitive, you must contact us as soon as possible to find out whether you are entitled money.
Watch This Video-
The “airbag lawsuit settlements” is the settlement of a class-action lawsuit that was filed against Takata Airbags. The airbag shrapnel lawyer will be able to help you with any questions or concerns that you may have.
Frequently Asked Questions
Is the Takata airbag settlement real?
A: The Takata airbag settlement is real, but you can find out more about it here.
Who pays for Takata airbag replacement?
A: The cars manufacturer pays for the airbag replacement.
How much is the Toyota settlement?
A: At this moment in time, the Toyota settlement is unknown.
Related Tags
- takata airbag deaths
- takata airbag scandal
- takata settlement checks
- takata airbag recall
- settlement special administrator po box 746 wheeling il 60090