{"id":673,"date":"2016-10-07T17:02:00","date_gmt":"2016-10-07T22:02:00","guid":{"rendered":"https:\/\/fbtrial.com\/?p=673"},"modified":"2016-10-07T17:02:00","modified_gmt":"2016-10-07T22:02:00","slug":"victims-defective-airbags-left-hanging-takata-bankruptcy-restructuring","status":"publish","type":"post","link":"https:\/\/fbtrial.com\/victims-defective-airbags-left-hanging-takata-bankruptcy-restructuring\/","title":{"rendered":"Victims of Defective Airbags Could be Left Hanging in Takata Bankruptcy Restructuring"},"content":{"rendered":"<p>Embattled airbag supplier Takata is mulling U.S. bankruptcy-protection filing as it negotiates with private equity firms and automotive suppliers for a capital infusion to weather costs from the largest product recall in history.<\/p>\n<p>Absent from the discussion about Takata\u2019s looming bankruptcy is consideration of what a bankruptcy filing might mean for those injured by defective airbags, says auto products liability lawyer <a href=\"https:\/\/fbtrial.com\/attorneys\/wesley-todd-ball\/\">Wes Ball<\/a> of Houston\u2019s Farrar &amp; Ball.<\/p>\n<p>\u201cA bankruptcy filing by Takata could mean those who are injured by these defects get absolutely nothing,\u201d says Mr. Ball, whose firm represents individuals who have been injured by Takata airbags. \u201cBankruptcy could wipe away those financial liabilities before new investors step in and bail out this disgraced corporation. There would be no compensation for medical bills, property damage, no punishment, and, certainly, no redress for loss of loved ones.\u201d<\/p>\n<p>Takata uses ammonium nitrate to fill its air bags in a crash, but the chemical can deteriorate and burn too fast when exposed to heat and humidity for long periods. Those air bags then become volatile and can explode with too much force, spraying shrapnel into the vehicle.<\/p>\n<p><a href=\"https:\/\/fbtrial.com\/practice_areas\/defective-airbag-injuries\/\">Defective Takata airbags<\/a> have been linked to at least 11 deaths and hundreds of injuries. Automakers including Honda and Volkswagen AG have recalled vehicles containing more than 100 million Takata inflators to date. The defective airbags have been linked to 11 deaths and hundreds of injuries.<\/p>\n<p>Last week, Sens.\u00a0Richard Blumenthal\u00a0(D-Conn.) and\u00a0Ed Markey\u00a0(D-Mass.)\u00a0sought assurances from the National Highway Traffic Safety Administration (NHTSA) that consumers won\u2019t be on the hook for replacing defective Takata airbags should the company declare bankruptcy and undergo restructuring.<\/p>\n<p>\u201cWe remain extremely concerned that in the event of Takata\u2019s bankruptcy or significant restructuring, it could be consumers who are left with the costs of repairing their defectives vehicles,\u201d the pair wrote.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Embattled airbag supplier Takata is mulling U.S. bankruptcy-protection filing as it negotiates with private equity firms and automotive suppliers for a capital infusion to weather costs from the largest product recall in history. Absent from the discussion about Takata\u2019s looming bankruptcy is consideration of what a bankruptcy filing might mean for those injured by defective<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Victims of Defective Airbags Could be Left Hanging in Takata Bankruptcy Restructuring | Farrar &amp; Ball<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fbtrial.com\/victims-defective-airbags-left-hanging-takata-bankruptcy-restructuring\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Victims of Defective Airbags Could be Left Hanging in Takata Bankruptcy Restructuring | Farrar &amp; Ball\" \/>\n<meta property=\"og:description\" content=\"Embattled airbag supplier Takata is mulling U.S. bankruptcy-protection filing as it negotiates with private equity firms and automotive suppliers for a capital infusion to weather costs from the largest product recall in history. Absent from the discussion about Takata\u2019s looming bankruptcy is consideration of what a bankruptcy filing might mean for those injured by defective\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fbtrial.com\/victims-defective-airbags-left-hanging-takata-bankruptcy-restructuring\/\" \/>\n<meta property=\"og:site_name\" content=\"Farrar &amp; Ball\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-07T22:02:00+00:00\" \/>\n<meta name=\"author\" content=\"zack\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"zack\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fbtrial.com\/victims-defective-airbags-left-hanging-takata-bankruptcy-restructuring\/\",\"url\":\"https:\/\/fbtrial.com\/victims-defective-airbags-left-hanging-takata-bankruptcy-restructuring\/\",\"name\":\"Victims of Defective Airbags Could be Left Hanging in Takata Bankruptcy Restructuring | Farrar &amp; Ball\",\"isPartOf\":{\"@id\":\"https:\/\/fbtrial.com\/#website\"},\"datePublished\":\"2016-10-07T22:02:00+00:00\",\"dateModified\":\"2016-10-07T22:02:00+00:00\",\"author\":{\"@id\":\"https:\/\/fbtrial.com\/#\/schema\/person\/f63ef49acc195ea4662324dc03e13f26\"},\"breadcrumb\":{\"@id\":\"https:\/\/fbtrial.com\/victims-defective-airbags-left-hanging-takata-bankruptcy-restructuring\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fbtrial.com\/victims-defective-airbags-left-hanging-takata-bankruptcy-restructuring\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fbtrial.com\/victims-defective-airbags-left-hanging-takata-bankruptcy-restructuring\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fbtrial.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Victims of Defective Airbags Could be Left Hanging in Takata Bankruptcy Restructuring\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fbtrial.com\/#website\",\"url\":\"https:\/\/fbtrial.com\/\",\"name\":\"Farrar &amp; Ball\",\"description\":\"Superior Knowledge. 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