PR85287

If You Were Injured By A Malfunctioning Takata Airbag, You May Still Be Eligible For Compensation Through The Special Master's And Trustee's Claim Process For Personal Injuries Or Wrongful Death.

BOSTON, Aug. 31, 2020 /PRNewswire=KYODO JBN/ --

The following statement is being issued by Professor Eric D. Green, Special

Master for the Department of Justice's Takata Airbag Individual Restitution

Fund and Trustee of the Tort Compensation Trust Fund Created in the Takata

Bankruptcy Cases.

                        Takata Defective Airbag Claims

Professor Eric D. Green, as Special Master and Trustee, announced a

compensation program in May 2018 for individuals who have suffered or will

suffer personal injury or wrongful death caused by the rupture or aggressive

deployment of a Takata phase-stabilized ammonium nitrate airbag inflator (a

"Takata Airbag Inflator Defect").  Under that program, claimants may seek

compensation from the Department of Justice's $125 million Individual

Restitution Fund ("IRF") and/or the approximately $140 million Takata Airbag

Tort Compensation Trust Fund ("TATCTF"). The claim process is ongoing and

eligible claimants still have time to act.

There are three types of claims that can be brought by individuals who suffered

injury or wrongful death caused by a Takata Airbag Inflator Defect: (i) an "IRF

Claim" against Takata for compensation from the IRF, the personal injury and

wrongful death restitution fund overseen by the Special Master and established

under the Restitution Order entered by the United States District Court for the

Eastern District of Michigan in connection with the Department of Justice's

criminal case against Takata, U.S. v. Takata Corporation, Case No. 16-cr-20810

(E.D. Mich.); (ii) a "Trust Claim" against Takata for compensation from the

TATCTF, the personal injury and wrongful death trust fund overseen by the

Trustee and established in connection with Takata's Chapter 11 Plan of

Reorganization in the Bankruptcy Court for the District of Delaware, and (iii)

a "POEM Claim" against a Participating Original Equipment Manufacturer (a

"POEM;" presently the only POEM is Honda/Acura) for compensation from the POEM,

which must be resolved through the TATCTF overseen by the Trustee.    

Each of these three types of claims has its own eligibility requirements;

however, each claim type covers only physical injuries and wrongful death

resulting from a Takata Airbag Inflator Defect. Claims related to injuries or

wrongful death caused by other airbag components -- such as airbag failure to

deploy, spontaneous airbag deployment, crash injuries unrelated to the

inflator, or economic losses unrelated to physical injuries or death -- are not

covered by the three types of claims described above.

Individuals can access the claim forms, which include detailed instructions

regarding how to file a claim, on the IRF website, www.takataspecialmaster.com,

or on the TATCTF website, www.TakataAirbagInjuryTrust.com.

       Oversight of the Claims Process and Resources for More Information

Professor Green was appointed by the District Court to serve as the Special

Master overseeing IRF Claims and was appointed by the Bankruptcy Court to serve

as the Trustee overseeing Trust Claims and POEM Claims.

For more information about eligibility requirements, filing deadlines and how

to file a claim, please visit www.takataspecialmaster.com,

www.TakataAirbagInjuryTrust.com, email Questions@TakataAirbagInjuryTrust.com,

or call us toll-free at (888) 215-9544.

Contact: Questions@TakataAirbagInjuryTrust.com

SOURCE  Takata Special Master/Trustee