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Cases & Deals

November 1, 2017

A K&S Team Obtains Final Approval of a $278.5 Million Class Settlement on Behalf of Toyota in Takata Airbag Litigation

On November 1, 2017, a Florida federal court granted final approval to a $278.5 million nationwide class settlement negotiated  by a King & Spalding team on behalf of Toyota to resolve economic loss claims stemming from the automaker’s incorporation of allegedly defective Takata airbag inflators into its vehicles.  Plaintiffs’ claims—which spawned the largest automotive recall in U.S. history—concerned Takata’s use of inflators containing phase-stabilized ammonium nitrate (“PSAN”) propellant, which allegedly may lead to rupture and the expulsion of metal debris into the occupant compartment or otherwise affect the airbag’s deployment.