Victims must file Takata Airbag claims with compensation and restitution funds by April 11, 2021
U.S. victims injured and the estates of those tragically killed due to certain Takata Airbag Inflator Defects on or before April 11, 2018, have until April 11, 2021 to file either a notice of claim or a completed claim form to be considered for compensation through the Takata Airbag Tort Compensation Trust Fund (TATCTF), the Individual Restitution Fund (IRF), and/or the Participating Original Equipment Manufacturer (P-OEM) Honda North America, Inc., Channeling Agreement Fund (P-OEM Fund). The notice of claim form must be postmarked or electronically filed on the Takata Airbag Injury Trust website by April 11, 2021. This is the only source of compensation for these claims.
This April 11, 2021 deadline applies to certain Takata airbag inflator defect claims against the airbag manufacturer as well as certain Takata airbag defect claims against vehicle manufacturers Honda, Acura, Nissan, and Infiniti. Failing to file the notice of claim form or completed claim form for these claims covered by the TATCF, IRF, or P-OEM Fund by April11, 2021 means the claims will be forever barred.
If you would like Motley Rice to help you with your potential claim(s), please contact us here. We are glad to talk with you about the potential representation and other Takata claims you may have.
Victims injured or the estates of those killed after April 11, 2018 must file their a notice of claim or a completed claim form for all claims covered by the TATCTF , IRF and or OEM Fund no later than three years of the date of the injury or death to be considered for compensation. Failing to do so by the deadline means the claims will be forever barred.
Takata airbag defect claims not eligible for potential compensation from the TATCTF, IRF and/or P-OEM Fund, including those against every vehicle manufacturer other than Honda, Acura, Nissan, and Infiniti, have different dates by which they must be filed in court or forever barred; some of those dates may occur before April 11, 2021. Filing claims with the TATCTF, or the IRF, or P-OEM Fund does not affect, change or toll those bar dates.
For more information about this defect and to see if your vehicle had the Takata airbag inflator defect the funds cover, click here www.takataairbaginjurytrust.com/faq.
Motley Rice attorneys helped negotiate the bankruptcy resolutions that established the TATCTF fund for victims and, with co-counsel, represented three of seven personal injury victims and economic loss claimants who were members of a Tort Creditors’ Committee.
“While the window may be closing for early Takata victims to file a claim through the Takata Airbag Tort Compensation Trust Fund, it is important to keep in mind that the number of people who will ultimately be injured will, sadly, continue to grow with time. Millions of vehicles containing potentially defective airbags are still on the road years after the Takata recalls began, and Americans are still at risk,” said Motley Rice attorney Kevin Dean. “Thankfully in negotiating bankruptcy resolutions with Takata, we and our clients who held positions on the Tort Creditors’ Committee were able to require money be set aside in the TATCTF funds to compensate future victims.”
Takata Bankruptcy
Takata’s U.S. subsidiary, TK Holdings Inc., and several of its affiliates filed for Chapter 11 bankruptcy in June 2017 amid lawsuits and roughly $1 billion in criminal penalties surrounding a mass recall of Takata’s explosive airbags. The roughly $250 million TATCTF is one of three funds established for personal injury victims to resolve the bankruptcy. Anyone who was injured or killed by a Takata airbag may qualify for compensation through the TATCTF if they have not already resolved their Takata lawsuit.
Since the formation of the TATCTF, the fund has continued to grow, while claim filings have slowed.
Motley Rice Takata Airbag Experience
Motley Rice represents or has settled the claims of more than three dozen personal injury victims harmed by Takata airbags in the U.S. and Malaysia, and was the first law firm to thoroughly investigate the airbag defect by disassembling airbag inflators found in junk yards. If you or a loved one was injured by a Takata airbag and wish to discuss your potential case or TATCTF or IRF claims, contact Kevin Dean or John David O’Neill at 1-800-768-4026 or by email.