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Thursday, 27 May 2021 09:53

Takata Airbag Funds Announce $46M in Supplemental Victim Payments

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The funds set up to compensate victims of Takata's defective airbag inflators announced May 25 it is making approximately $46 million in additional awards available for individuals injured or killed by an exploding or aggressively deploying Takata airbag inflator. 

Eric Green, trustee of the Takata Airbag Tort Compensation Fund established by the Takata bankruptcy in 2018, and special master of the Individual Restitution Fund established as part of Takata's criminal guilty plea in 2017, said the additional awards are going to 161 claimants already deemed eligible by the funds. 

 

These claimants received initial awards earlier, but Green said additional funding secured by the Takata Trust and a re-estimation of the number of claims the funds expect to receive in the future have enabled the funds to make substantial supplemental payments at this time. 
  
"The good news is that the funds have obtained more money and we now estimate fewer claims in the future," Green said. "So we can supplement the initial payments.  

 

"The bad news is that unfortunately we continue to expect hundreds of claims in the future because there are still thousands of defective Takata airbag inflators in cars that have not been brought in for repair in response to recall notices, even though they are time-bombs just getting more dangerous by the day. And even with the supplemental payments to deserving claimants, we still won't be able to compensate them fully for the terrible injuries they have suffered.

 

"The most important message to owners of cars that still have these defective inflators is: get them out of your car," Green said. "Don't wait another day. They are getting older and more dangerous. If you have a Takata inflator that has been recalled, get it out NOW. The injuries we are seeing are horrendous, but they are...


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