The plaintiffs moved for approval of a settlement agreement and class counsel fees in a product liability class action concerning defective Takata airbags installed in Honda vehicles.
The settlement provided a recall remedy, reimbursement of out-of-pocket expenses, and an outreach program, though its total monetary value was not readily calculable.
The court found the settlement to be fair, reasonable, and in the best interests of the class, noting the significant safety risks addressed.
The court also approved class counsel's fee request of $5,750,000 plus disbursements, finding it reasonable given the risks undertaken and the results achieved.