Everything Takata Airbag Victims and Future Claimants Need to Know to Recover Compensation

What if the instead of protecting you, the airbags in your car actually made your car potentially more dangerous? That is exactly what the Defective Takata Airbags are doing.
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The Takata airbags installed in many early to mid-2000s vehicles from Honda, Toyota, Ford, Mazda, and others are potentially deadly. When these airbags deploy during an accident, they can shoot deadly metal shrapnel at the driver and passengers. This explosive malfunction has already occurred thousands of times, leading to massive recalls for years, and has caused permanent scarring, vision loss, and multiple deaths among vehicle occupants around the world.
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Regulators and investigators believe that this malfunction is caused by3 the chemical propellant ammonium nitrate, which becomes unstable over time, and is prone to violently exploding upon airbag deployment. The National Highway Traffic Safety Administration ("NHTSA") has called the Takata Airbag Recall, the “the largest and most complex safety recall in U.S. history."  However, if you were injured by one of the Defective Takata Airbags​, there are ways for Takata airbag victims and future claimants to recover compensation for their Takata airbag injuries.

Call a Takata Recall Lawyer Timothy L, Miles today about a Takata Airbag Recall Lawsuit

How Takata Airbag Victims and Future Claimants Can Recover Compensation

Despite the recent bankruptcy of Takata’s US based subsidiary, TK Holdings, Inc., there are three potential avenues for Takata airbag victims and future claimants to recover compensation for their Takata airbag injuries. Some victims may only be able to recover compensation through one avenue, while others may be able to claim compensation from all three.  The avenues for compensation for Takata airbag victims and future claimants are:
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• ​​Takata Bankruptcy Trust: This trust was created as part of TK Holdings, Inc. bankruptcy plan for the benefit of personal injury claimants. The trust is for those previously injured by a Takata airbag and for future victims. The fund’s estimated value is $90 million to $137 million “Nation, although that amount may increase, but will not decrease. The trust should begin accepting claims in approximately mid-2018.

 

• Participant Original Equipment Manufacturer (“POEM”) Fund: So far, only those individuals who have been injured by a Takata airbag within a Honda or Acura vehicle are eligible for compensation from this fund (as Honda vehicles caused more injuries and deaths than any of the other car manufacturers combined). However, on October 10, 2019 Nissan North America, Inc., Nissan Motor Co., Ltd., and all of their subsidiaries and affiliates (collectively “Nissan”) elected to opt-in to the Channeling Injunction process for PSAN PI/WD Claims and become a POEM. This approval for Nissan’s opt-in as a POEM is ongoing. Through this fund, those previously injured by a defective Takata airbag and those victims who will suffer injuries from a Takata airbag may receive compensation.

 
These airbags were installed in a wide range of vehicles, including models manufactured by:

• Acura
• BMW
• Chrysler
• Dodge
• Ford
• Honda
• Infiniti
• Lexus
• Mazda
• Mitsubishi
• Nissan
• Pontiac
• Saab
• Subaru
• Toyota

Call a Takata Recall Lawyer Today About a Takata Airbag Recall Lawsuit

​If you suffered serious injuries from a Defective Takata Airbag call Timothy L. Miles, Esq., a Takata Recall Lawyer, today about a Takata Airbag Recall Lawsuit and see what a Takata Recall Lawyer can do for you.

Timothy L. Miles, Esq.

Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles was recentely selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, and more.