Violation Tracker Individual Record
Company:
TK Holdings Inc.
Current Parent Company:
Ningbo Joyson Electronic
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 Parent:
Japan
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
automotive parts
Specific Industry of Parent:
automotive parts
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
