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Takata enlists restructuring lawyers - WSJ

Published 2016-03-08, 03:16 p/m
© Reuters.  Takata enlists restructuring lawyers - WSJ
7312
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March 8 (Reuters) - Japanese air bag maker Takata Corp
7312.T enlisted restructuring lawyers at law firm Weil Gotshal
& Manges LLP amid recalls covering millions of vehicles, the
Wall Street Journal reported, citing people familiar with the
matter.
The extent of the law firm's engagement with Takata and the
strategies it is advising the company to pursue remain unclear,
the WSJ reported. (http://on.wsj.com/1QEQjSN)
An estimated 29 million Takata air bag inflators have been
recalled in the United States in more than 19 million vehicles
because the inflators can activate with too much force, sending
potentially deadly metal shards into the passenger compartment.

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