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TK Holdings Inc.

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Case overview

Case Number:

1:17-bk-11375

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. January 07, 2022

    Patent Row In Takata Ch. 11 Leads To Attorney Fee Award

    The owner of a vehicle alcohol detection system patent improperly transferred by bankrupt air bag maker Takata Corp. in a Chapter 11 sale will be reimbursed for the legal fees it incurred in trying to get the patents back, a Delaware judge ruled Friday.

  2. December 21, 2021

    Takata Ch. 11 Trustee Must Take $53M Insurer Claim To Japan

    A bankruptcy trustee for the $250 million Takata Airbag Tort Compensation Trust Fund must take a $53 million claim coverage dispute with Mitsui Sumitomo Insurance Company Ltd. to a court in Japan, a Delaware bankruptcy judge has concluded.

  3. November 06, 2020

    Takata Ch. 11 Trustee Sues Insurer Over Air Bag Claim Denials

    A trust set up to compensate people killed or injured by defective Takata Corp. air bags is suing one of the company's insurers in Delaware bankruptcy court, saying the insurer is refusing to cover claims by those victims despite agreeing to under Takata's Chapter 11 reorganization plan.

  4. October 08, 2020

    Takata Gets Some Ch. 11 Air Bag Claims Tossed

    A Delaware judge on Thursday disallowed claims filed against Takata's bankruptcy trust by 13 individuals asserting they were injured as a result of air bags failing to deploy during automobile accidents, saying the manufacturer's parts didn't have a role in the failed deployment.

  5. February 28, 2018

    Takata Fights States' Claim Of Unrestricted Litigation

    Bankrupt air bag maker Takata opposed an attempt by the governments of Hawaii, New Mexico and the U.S. Virgin Islands on Wednesday in Delaware to push forward without restriction in their product liability suits against the debtor.

  6. February 26, 2018

    Hawaii, NM Can't Get Better Position In Takata Ch. 11

    Hawaii, New Mexico and the U.S. Virgin Islands on Monday lost their bid to create a special status for their claims in Takata's Chapter 11 case, with a Delaware bankruptcy judge ruling the governments are already second in line for access to a shrinking, $1.5 billion fund.

  7. February 16, 2018

    Takata Wins Nod For Ch. 11 Plan Confirmation, $1.6B Sale

    A Delaware bankruptcy judge agreed Friday to confirm Takata's Chapter 11 plan that centers on a $1.6 billion sale to Key Safety Systems Inc. and uses proceeds to pay victims of Takata's dangerously defective air-bag inflators, after hearing that the major creditor groups were all on board.

  8. February 15, 2018

    Takata Allowed To Discharge State Claims In Ch. 11

    The Delaware bankruptcy judge presiding over Takata's bankruptcy ruled late Wednesday that potentially $1 billion in claims stemming from enforcement actions by Hawaii, New Mexico and the U.S. Virgin Islands can be discharged by a confirmed Chapter 11 plan, as the debtor meanwhile settled with 44 other states.

  9. February 12, 2018

    Takata Paves Way For Ch. 11 Exit With Tort Committee Deal

    Takata came to a major settlement over the weekend with the committee representing those suing for wrongful death, personal injury and other claims connected to the deadly air-bag inflators that prompted its bankruptcy, clearing away what was expected to be stiff opposition to the company's Chapter 11 plan confirmation.

  10. February 06, 2018

    Takata Whistleblowers Say Ch. 11 Plan Must Reserve $250M

    A pair of purported whistleblowers who say they could be entitled to up to $250 million of the nearly $1 billion restitution fund in Takata's criminal case over faulty air bag inflators objected Tuesday to the company's Chapter 11 plan on grounds it doesn't take into account any pending whistleblower award.

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