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.
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