Boston 2020, August 31 / PRNewswire / – Takata airbags personal compensation fund for the US Department of Justice set up a special Takada bankruptcy administrator, trustee of the Trust Fund for compensation against Eric – Professor Green (Eric D. Green) issued the following statement.
Takata airbag defect compensation
in May 2018, Eric was appointed special administrator and trustee – Professor Green announced a compensation scheme , subject to due compensation Takada stable ammonium nitrate with an airbag inflator burst or severe personal expand ( “Takata airbag inflator pump defect”), suffered or will suffer a personal injury or wrongful death occurs. Under the plan, claimants and / or about $ 140 million of Takata airbags for compensation against the Ministry of Justice for compensation trust fund personal compensation fund $ 125 million ( “IRF”) ( “TATCTF”). Compensation program currently underway, eligible claimants still time for compensation.
because Takata airbag inflator pump defects result in personal injury or wrongful death of individuals can propose three forms of reparation: (1) proposed “IRF compensation” to Takada, paid for by the IRF: IRF personal injury or wrongful death compensation fund by the special administrator is responsible for oversight compensation Act is based on the US Federal District Court for the Eastern District of Michigan (ED Mich.) for the Justice Department handled criminal cases and issued Takada established. Case name “United States v. Takata company.” , Case No. 16-cr-20810 (ED Mich.) ( US v Takata Corporation .); (2) that “trust to Takada compensation “paid by TATCTF: TATCTF wrongful death or personal injury trust fund by the trustee responsible for overseeing, is based Takata Delaware bankruptcy Court Chapter 11 reorganization plan established; (3)” POEM compensation “: namely related to original equipment manufacturers (POEM) claims, currently Honda / Acura (Honda / Acura) is the only POEM. Such compensation must be resolved through supervised by the trustee TATCTF.
Each of the three types of compensationTheir conditions require, each type of compensation only covers personal injury caused by Takata airbag inflator pump caused by defects or abnormal death. Compensation related to airbag modules for other cause personal injury or wrongful death, such as an airbag failed deployed, the airbag deployed spontaneous, independent of the air pump collision damage, or personal injury or death has nothing to do with economic losses are compensation is not within the range of the three types.
individuals can now log IRF website www.takataspecialmaster.com or TATCTF website www.TakataAirbagInjuryTrust.com view compensation table, which includes detailed instructions on how to file for compensation.
compensation program oversight and more information about resources
Professor Green was designated to oversee the District Court IRF special compensation administrators, by the bankruptcy court appointed a trustee to oversee the trust POEM compensation and reparations.