Ford Agrees To Settle Takata Air Bag Lawsuits In MDL For $299.1 Million

(July 24, 2018, 9:50 AM EDT) -- MIAMI — Ford Motor Co. has agreed to pay $299.1 million to settle class action economic-loss claims in multidistrict litigation over defective Takata air bags containing a dangerous compound that can cause the air bags to explode during a collision and injure drivers and passengers.  Plaintiffs filed an unopposed motion to approve the settlement agreement on July 16 (In re:  Takata Airbag Products Liability Litigation, No. 15-02599, MDL No. 2599, S.D. Fla.)....