Jennifer Chambers , The Detroit News The Takata Corp. pleaded guilty Monday in federal court to wire fraud and agreed to pay $1 billion in criminal penalties stemming from the company’s fraudulent conduct related to sales of defective air bag inflators. U.S. District Court Judge George Caram Steeh said he approved a $25 million fine […]
By Emily Field Law360, New York (February 27, 2017, 6:49 PM EST) –Takata Corp. pled guilty to wire fraud in Michigan federal court on Monday and agreed to pay $1 billion over its potentially fatal air bag inflators, despite objections from drivers suing Takata and automakers who say that the car makers had also long […]
Amanda Bronstad, The National Law Journal Updated 2/27/17, 7:15 p.m. After this story published, U.S. District Judge George Caram Steeh accepted Takata’s plea deal. Lawyers with pending civil suits related to faulty Takata airbags are trying to put the brakes onthe manufacturer’s $1 billion criminal plea deal, claiming it will end up being used as […]
DETROIT -Japanese auto parts maker Takata pleaded guilty on Monday to a criminal charge and agreed to pay $1 billion for a scheme to conceal a deadly defect in millions of its air bag inflators. In addition, plaintiffs in dozens of lawsuits against the air bag maker and five automakers allege the car companies knew […]
by Margaret Cronin Fisk, Steven Raphael,and Kevin Buckland February 27, 2017 A U.S. judge has accepted Takata Corp.’s guilty plea, made as part of a $1 billion settlement deal with the Justice Department, removing another obstacle to the Japanese air-bag maker’s sale. The approval of the formal plea byU.S. District Judge George Caram […]
by Margaret Cronin Fisk People injured by Takata Corp.’s exploding air bags asked a judge to delay approving the $1 billion settlement with the U.S. hours before the car-parts maker was due to appear in court to plead guilty as part of the accord. The Tokyo-based company is scheduled to appear Monday in Detroit […]
Staff Report, Daily Business Review. February 27, 2016 The Daily Business Review will recognize 14 legal industry veterans in its second annual Professional Excellence Awards. The attorneys and judges were selected for outstanding service to the Florida legal community. They will be recognized at a May 19 event along with Rising Stars in the South […]
By Allison GrandeLaw360, New York (February 16, 2016, 10:45 PM ET) –U.S. Supreme Court Justice Antonin Scalia’sunexpected death on Saturday creates a clear opening for the high court to split evenly on whether consumers can sue companies for technical statutory violations without alleging an actual injury, in a ruling that would preserve uncertainty and […]
by John Pacenti jpacenti@alm.com Florida has jumped into the fray of lawsuits filed against General Motors Corp. for recalls of 2.6 million vehicles with potentially faulty ignition switches blamed for crashes and at least 13 deaths throughout the country. Podhurst Orseck of Miami and Higer, Lichter & Givner of Aventura filed the class action […]
Another bank is paying millions to reimburse those $38 cups of coffee. J.P. Morgan Chase, the bank that now holds the most deposits in the country, has reached an agreement to pay $110 million to those who paid heavy fees for the proverbial “cup of coffee” that overdrafted their accounts. The settlement, revealed in a […]
