Tag Archives: settlement

Honda reaches $605 mn settlement over defective airbags

Japanese carmaker Honda reached a $605 million settlement in a lawsuit over defective airbags in millions of cars on American roads, the legal team for the victims said Friday. Honda joins Nissan, Toyota, BMW, Mazda and Subaru in agreeing a deal to settle a lawsuit, replace the defective airbags from now-bankrupt Takata, and to compensate car owners. The… Read More »

RBS investor settlement over 2008 cash call back on track

Rebel RBS shareholders, who had been determined to bring the bank and former CEO Fred Goodwin to court over losses related to a 2008 rights issue, are set to agree to a settlement and the case is likely to be dropped, sources said on Tuesday. Representatives of the RBoS Shareholder Action Group had written to their members last… Read More »

Takata shares rise on US airbag settlement reports

Shares of Japanese airbag manufacturer Takata have risen on reports it will settle a lawsuit with US regulators. The firm is expected to pay up to $1bn (£822m) and plead guilty to criminal wrongdoing over faulty airbags, which have been linked to at least a dozen deaths and more than 100 injuries. Most major carmakers have been affected… Read More »

Toyota agrees to $3.4bn rust dispute settlement in US

The world’s biggest carmaker, Toyota, has agreed to settle a US Federal class action for up to $3.4bn (£2.7bn). It was brought by US owners of pickup trucks and SUVs whose claimed their frames could rust through. The proposed settlement covers 1.5 million Tacoma compact pickups, Tundra full-size pickups and Sequoia SUVs. Court papers alleged that the vehicles… Read More »