January 31, 2018
The Office of the U.S. Trustee objected Wednesday to confirmation of Takata Holdings Inc.'s Delaware Chapter 11 plan, citing sweeping, and potentially improper liability releases for third parties, including automaker officers and directors, without third party or creditor consent.
January 18, 2018
Bankrupt air bag maker Takata wants a Delaware bankruptcy court to ratify settlements with seven former executives who currently receive company health benefits but, with court approval, would get cash in exchange for the termination of those benefits.
January 03, 2018
The Chapter 11 disclosure statement for bankrupt vehicle safety equipment maker Takata received court approval Wednesday in Delaware after a judge considered more than two dozen requests for modifications made by creditors, tort plaintiffs and the federal bankruptcy watchdog.
December 14, 2017
Milbank Tweed Hadley & McCloy LLP filed a compensation application Thursday in Delaware, saying it had incurred $5.8 million in fees and expenses for its work in representing the official committee of unsecured creditors in the Chapter 11 case of air bag maker Takata since it was formed in July.
December 05, 2017
Takata Corp.'s prospective buyer agreed Tuesday to trim deal and expense protections for its planned $1.6 billion Chapter 11 purchase after a daylong Delaware bankruptcy court argument over the bankrupt vehicle air bag maker's restructuring support agreement.
November 29, 2017
Several major creditor groups in the Takata Chapter 11 took issue Wednesday with the debtor's bid to spend $12 million on its Mexican affiliates to prepare the proposed $1.6 billion sale at the center of the case they already see as problematic, arguing it has thin evidentiary support.
November 22, 2017
Tort claimants of bankrupt automotive airbag maker Takata objected late Tuesday to the company's proposed restructuring support agreement, saying it envisions a plan that would pay original equipment manufacturers while leaving existing and future tort claimants to fight for recoveries with the debtor's estate.
November 20, 2017
The Delaware bankruptcy judge presiding over the Takata case on Monday granted the debtors' request to extend the freeze on lawsuits connected to its dangerously defective airbag inflators through late February for individual claims, but will revisit a stay on state enforcement actions in 30 days.
November 14, 2017
The Delaware bankruptcy judge presiding over the Takata family of cases said Tuesday that he would grant the company's Japanese parent Chapter 15 recognition over the objections of a group of plaintiffs suing over the debtor's dangerously defective airbag inflators who say their due process rights are being squelched.
November 13, 2017
The Delaware bankruptcy judge presiding over the Takata case ruled Monday that state and government agencies will not be exempted from a five-day extension of a litigation freeze connected to the debtor's dangerously defective airbag inflators.