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Takata Gains on Report Up to $1 Billion U.S. Settlement Near

  • Settlement could include criminal guilty plea, WSJ reports
  • Takata said in November it aims to finalize buyer by year-end
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Takata Said to Near Up to $1 Billion Settlement With U.S.

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Takata Corp. shares rose by the daily limit after the Wall Street Journal reported the company is nearing a settlement with the U.S. Department of Justice to resolve allegations of criminal wrongdoing related to its faulty air bags.

Such an agreement may include pleading guilty to criminal misconduct and penalties of as much as $1 billion, the newspaper reported, citing people familiar with the matter. A settlement could be reached by next month, according to the report.