Airbag Maker Behind Huge Auto Recall Files for Bankruptcy

Takata's airbags threw out shrapnel when they exploded causing injuries and death.
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Takata's airbags threw out shrapnel when they exploded causing injuries and death. The defective airbags led to the largest auto recall in U.S. history. Now, the Japanese company has filed for bankruptcy and rival Key Systems will take over most of Takata's assets. The recalls are expected to continue. The Supreme Court could issue a ruling today on President Donald Trump's travel ban. The Supreme Court usually saves their most important decisions for their final day. The Trump Administration believes the Supreme Court is its best hope of having the policy upheld after two lower courts have blocked it saying it is unconstitutional.

There is also speculation that Justice Anthony Kennedy may announce his retirement today. Jury selection is set to begin today in the trial of Martin Shkreli, the former pharmaceutical CEO who drastically raised prices on life saving drugs. Federal prosecutors allege he committed fraud misleading investors and looting a drug company to cover trading losses.