Examples of Covered Litigation in a sentence
The U.S. Covered Litigation includes several cases, including but not limited to the merchant class action we refer to as the Interchange Multidistrict Litigation.
The Charter provides that the transfer restriction period for class B shares lasts until the Escrow Termination Date (the date on which all of the U.S. Covered Litigation has been finally resolved by means set forth in the Charter).
Additional information on the Covered Litigation can be found in our most recent reports on Forms 10-K, 10-Q and 8-K on file with the U.S. Securities and Exchange Commission, or the SEC.
In addition, a number of merchants have opted out of the class and are engaged in opt-out litigation, which may require additional settlements or judgments before the Covered Litigation is resolved.
The Consenting OEMs have claims against Takata, including without limitation, for liabilities incurred by the Consenting OEMs in connection with the Covered Litigation and any other liabilities arising out of or relating to the PSAN Inflators and the Subject Takata Airbags, including, without limitation, Customer Recall Costs and Expenses and Customer Recall Claims (collectively, the “Customer Indemnification Claims”).