Attorney General Peterson Reaches Settlement with Takata

LINCOLN - Attorney General Doug Peterson announced today a settlement with TK Holdings, Inc., the U.S. subsidiary of Takata, over allegations that the company concealed safety issues related to its airbag systems which were installed in a wide variety of vehicles.  TK Holdings, Inc. filed a bankruptcy case in chapter 11 in June 2017, and its reorganization plan has been confirmed by the United States Bankruptcy Court for the District of Delaware.  The consent decree and settlement agreement have been presented to that court for approval.