Toyota, Subaru, Mazda and BMW agreed to pay $553 million to settle consumer claims over recalled Takata air bags in multidistrict litigation consolidated in Miami federal court, plaintiffs counsel announced Thursday.
“This agreement achieves our goals of educating consumers about the urgent need to have their recall remedies completed while providing them compensation for their economic losses,” said lead plaintiffs lawyer Peter Prieto of Podhurst Orseck in Miami.
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