This litigation relates to Occupant Safety Systems purchased directly from a defendant.
“Occupant Safety Systems” are seat belts, airbags, steering wheels or steering systems, safety electronic systems, and related parts and components.
You were previously notified of the existence of this class action, the nature of the Plaintiffs’ claims, and settlements in this litigation with the Autoliv, Tokai Rika, Toyoda Gosei, and TRW Defendants. The Court has granted final approval to each of those settlements and the settlement funds attributable to those settlements have been distributed to members of those settlement classes. To see documents relating to these settlements click here.
Plaintiffs have now reached a proposed settlement with the TK Holdings Trustee, which allows Plaintiffs’ claim as a general unsecured, non-priority claim in the amount of $84,000,000 under the TK Holdings Chapter 11 Bankruptcy Reorganization Plan. The Court has preliminarily approved the settlement and has provisionally certified the TK Holdings Settlement Class. To see documents relating to the TK Holdings Trustee settlement click here.
If you purchased Occupant Safety System Products in the United States directly from any of the Defendants during the period from January 1, 2003, through June 25, 2017, you may be a member of the TK Holdings Settlement Class. To receive your share of the TK Holdings settlement fund you must either have previously submitted a valid Claim Form in connection with the prior settlements identified above, or you must submit a valid Claim Form postmarked no later than September 23, 2022. If you previously submitted a Claim Form in the Occupant Safety Systems case, you should not file a new Claim Form unless you wish to include additional purchases during the relevant class period that were not included in your prior submission(s).
If you believe you are a member of the TK Holdings Settlement Class please review the Notice which contains information about the proposed settlement, and your rights with respect to the settlement and related matters.
Please click here if you have any questions concerning this litigation, or need any additional information.