trending Market Intelligence /marketintelligence/en/news-insights/trending/sefu7wnj38wzn6fat_3_gw2 content esgSubNav
In This List

Report: Takata whistleblowers to receive $1.7M award


Japan M&A By the Numbers: Q4 2023


Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


2023 Big Picture: US Consumer Survey Results

Report: Takata whistleblowers to receive $1.7M award

Japanese auto parts manufacturer Takata Corp. agreed to pay $1.7 million to the three men who blew the whistle on the company's faulty airbag inflators, which caused 22 deaths and hundreds of injuries worldwide, Reuters reported March 27.

The award will be split among the three whistleblowers.

The three provided extensive information to the U.S. government, which led to the largest worldwide recall of over 50 million vehicles, the report added.

The company will pay Mark Lillie and two other anonymous men out of its reserve fund that was formed during its bankruptcy proceeding.

One of the anonymous whistleblowers revealed how the company "falsified data, subverted testing procedures, and concealed reports its airbags were prone to failure," the law firm added.

Takata did not immediately comment on the matter, Reuters said.