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Takata Ch. 11 gets committee with personal injury victims

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Takata Ch. 11 gets committee with personal injury victims

Takata’s Chapter 11 case had an official committee appointed that includes personal injury victims of the defective airbag inflators that drove the company into bankruptcy, giving such claimants a rare and powerful voice in the proceedings.  The U.S. Trustee’s Office, which appoints official committees in Chapter 11 cases, put together a committee of unsecured tort claimant creditors consisting of seven individuals believed to have been injured by defective Takata airbags linked to at least 11 deaths, and which spurred the largest auto recall in U.S. history.  One of the committee’s members, Alexander Bowers, released a statement saying he and the others on the panel asked for the formation because they were concerned they would not have the representation to which they're entitled in the bankruptcy case.

[Law360]

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