Sard Verbinnen & Co. is representing Takata Corp., which on June 25 filed the biggest bankruptcy by a Japanese manufacturer.
Takata’s financial woes stem from recalls of its airbag inflators, which have been linked to the deaths of at least 16 people and 180 injuries, according to a report in Reuters.
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The company faces billions in liabilities from a decade of recalls and lawsuits.
As part of the financial restructuring, Takata’s operations are being acquired by Chinese-owned Key Safety Systems, which is located in Michigan, for $1.6B.
Key has agreed to retain “substantially all” of Takata’s 60,000 workers in 23 countries.
SVB staffers Jared Levy, Devin Broda and Kelsey Markovich represent Takata in the US and UK. Ashton Consulting works Japan for Takata, while Hering Schuppener Consulting handles Continental Europe.
Edelman’s Chad Tendler, Nadia Damouni and Deborah Hayden advise KSS.
There’s a fine line between newsjacking and taking advantage, aka ambulance chasing. Our job as PR professionals is to tread it carefully.
PR firms need to be mindful of ways their work product may be protected by the attorney-client privilege whenever working with a client’s internal legal team or its external legal counsel.
Manuel Rocha, former US ambassador and intenational business advisor to LLYC, plans to plead guilty to charges that he was a secret agent for Cuba.
CEO mentoring is an often-overlooked aspect of why CEOs are able to make good decisions, and sometimes make bad ones—all of which intersects with the role and duties of a board. 
How organizations can anticipate, prepare and respond to crises in an increasingly complex world where a convergent landscape of global challenges, threats and risks seem to arrive at an unrelenting pace.
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