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Violation Tracker Individual Record

Company: TK Holdings Inc.
Current Parent CompanyNingbo Joyson Electronic
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Penalty: $650,000,000
Year: 2018
Date: February 22, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: motor vehicle safety violation
Violation Description: TK Holdings, Inc., the U.S. subsidiary of Takata, agreed to pay a civil penalty of $650 million as part of the settlement of multistate litigation alleging that it concealed highly dangerous defects in its airbag inflators.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: automotive parts
Specific Industry of Current Parent: automotive parts
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.