Takata Victims to Receive $9.8M in First Round of Payouts
Aug. 7, 2019—Drivers of cars with faulty Takata air bags will receive nearly $9.8 million from the restitution fund established as part of the supplier's guilty plea, according to The Detroit News.
The United States District Court in the Eastern District Of Michigan said Tuesday that the first round of payments that would go to 102 recipients would range from a high of $608,013 to as low as $643.40.
According to the report, the payments were calculated using a formula that awarded points worth $64.34 each to drivers who filed claims about suffering injuries due to the faulty Takata air bags. The court said points were assigned by a special master appointed to oversee the restitution fund “based on injury categories in an injury valuation matrix and certain other factors.”
Some $125 million of the fine will be used for injured individuals who haven’t reached separate settlements while $850 million will be made available to automakers for air bag recall and replacement costs. The remaining $25 million is a fine in the case.