As reported by Law360 (subscription), Volkswagen has agreed to a proposed settlement of $42 million to resolve consumer lawsuits over defective Takata airbag inflators in over one million VW and Audi vehicles with model years ranging from 2005 through 2014.
At least 19 deaths worldwide have been related to shrapnel firing out of malfunctioning airbags produced by Japan-based Takata Corp. Thirteen of those deaths occurred in the U.S. alone.
Law360 notes that a portion of the settlement fund will go toward an outreach program overseen by an independent settlement special administrator, with the aim of increasing recall completion rates among the many class members who remain exposed to the dangerous and defective airbags.
The proposed settlement will undergo review by the federal court in Florida.
The class of vehicle owners is represented by Lieff Cabraser and co-counsel.
Read the full article on Law360’s (subscription) website.