The special master overseeing two compensation funds stemming from Takata’s rupture-prone air bags told a U.S. judge that he will likely need to request an extension on a deadline establishing procedures to evaluate claims and make payouts. The special master overseeing two compensation funds stemming from Takata’s rupture-prone air bags told a U.S. judge that he will likely need to request an extension on a deadline establishing procedures to evaluate claims and make payouts. Photo: Paul Sancya/Associated PressVictims of Takata Corp.’s rupture-prone air bags face additional lag time in receiving roughly $1 billion in payouts from the Japanese supplier after a court-appointed official encountered delays in steering the compensation. The special master overseeing two compensation funds stemming from the air bags told a U.S. judge on Tuesday he will likely need to request an extension on a deadline for establishing procedures that govern evaluating claims and making payouts. The judge overseeing the Takata case originally appointed former FBI Director Robert Mueller as the special master.

Source: Wall Street Journal October 03, 2017 17:12 UTC