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November 8, 2017

Impacted Takata airbag consumers encouraged to register with claimant portal for latest in bankruptcy case

If you are the current or former owner of a vehicle containing a recalled Takata airbag, then you likely have or soon will receive a notice in the mail from TK Holdings Inc., asking you to register your email address with its claimant portal at www.TKRestructuring.com/PPIC.  Impacted consumers in the U.S. and Mexico may register to ensure you will receive future notices or court filings providing key information relevant to Takata’s Chapter 11 bankruptcy filing.

People who choose not to register will not receive further notifications from TK Holdings beyond the document sent to consumers this week, the manufacturer stated in the mailed notice. However, not registering will not affect your right to compensation.

Defective Takata airbags are believed to have caused at least 18 deaths and more than 130 injuries worldwide, and are the source of the largest consumer product recall in U.S. history. Roughly 70 million vehicles have been recalled in the U.S. alone. In the midst of a massive restructuring after filing for Chapter 11 bankruptcy in June, Takata claims that it will soon file a reorganization plan and disclosure statement detailing a proposal on how it intends to handle claims, the mailed notices state.

People who have suffered, or may suffer in the future, personal injuries due to an inflator malfunction in a Takata airbag can also visit www.takataspecialmaster.com for information on a Restitution Fund established by the Court to compensate victims, the notice stated.

Motley Rice represents dozens of victims who were injured, as well as the families of several people who died from injuries allegedly caused by Takata airbags. Attorney Kevin Dean has been actively involved in Takata litigation for roughly three years, including working with vehicle defect experts to independently study and investigate the airbag defect.

To see if your vehicle is included in the recall, which has been expanded several times since the defect was first discovered, visit www.safercar.gov and enter your VIN.