Fed May Require Cash Strapped Takata To Pay $1 Billion Fine For Criminal Wrongdoing

Japan's Takata Corp. is nearing a criminal settlement with the U.S. Department of Justice and is expected to pay up to $1 billion to resolve allegations of wrongdoing related to its faulty airbag inflators, The Wall Street Journal reported today.

The final figure could be in the high hundreds of millions of dollars, the Journal reported, citing people familiar with the matter.

TheSteve - 12/28/2016 5:33:02 PM

+3 Boost

Takata is already teetering on the edge of bankruptcy. Paying such fines are not possible for them, regardless if they go bankrupt or not, so it's a moot point.