Class Action
4 Automakers Agree to Pay $553M on Takata Air Bag Claims
2017 – Toyota, Subaru, Mazda and BMW agreed to pay a combined $553 million to settle consumer claims over recalled Takata air bags in a multidistrict litigation consolidated in a Miami Federal court. The settlement amount is more than half of what the plaintiffs’ class believes it could have won at trial if damages were calculated based on how much the automakers paid for and marked up Takata air bags.