Takata Corp.’s $1 billion settlement with the U.S. government over its defective air bags will not hinder the nationwide class action against the company and several automakers, lead plaintiffs counsel in the Miami-based civil case said.
As part of the settlement announced Friday, Takata agreed to plead guilty to wire fraud in Detroit federal court and to pay $850 million to automakers affected by air bag recalls, $125 million to injured victims and a $25 million fine. The company will retain a compliance monitor for three years, said U.S. Attorney Barbara McQuade of the Eastern District of Michigan.
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