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Carmakers win brief reprieve from lawsuits over faulty Takata air bags

Carmakers win brief reprieve from lawsuits over faulty Takata air bags

The decision gives the Japanese auto supplier breathing room to work through its bankruptcy reorganization. U.S. Bankruptcy Judge Brendan Shannon in Wilmington, Delaware, granted a 90-day halt on lawsuits brought by Hawaii, New Mexico, the U.S. Virgin Islands as well as individuals. Takata (7312.T) argued for a six-month freeze on hundreds of lawsuits so management could complete a $1.6 billion sale of its viable operations, crucial to its reorganization, and replace air bag inflators that are subject to the biggest recall in automotive history.


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