Louisville Honda Owner Files Class-Action Lawsuit Against Honda and Takata Alleging Diminished Value Due to Defective Airbags

COVINGTON, KY--(Marketwired - January 19, 2015) - Mr. David Cambron, Jr., a Louisville resident and owner of a 2005 Honda Pilot, has filed a class-action lawsuit alleging that both Honda Motor Co., Ltd. (Honda) and Takata Corporation knew of the dangers relating to Takata airbags for at least a decade, yet the two manufacturing companies failed to inform the public because full disclosure would have negatively impacted the market value of Honda vehicles.

"Airbags are a critical safety component in automobiles," said Strauss Troy Attorney Ron Parry. "Purchasers and lessees of vehicles have an expectation that airbags will operate properly to prevent injury. Honda's recent disclosure that the Takata airbags installed in its automobiles are capable of causing injury or death has significantly diminished the value of Honda automobiles."

The legal complaint, filed Friday, January 9, 2015, in U.S. District Court, Western District of Kentucky, seeks recovery of losses and damages for the diminished value of the Class Members' Honda vehicles. Filed on behalf of citizens in the Commonwealth of Kentucky who own Honda automobiles, the complaint asserts claims under the Kentucky Consumer Protection Act and for breach of implied warranties under Kentucky law.

The current Takata airbag recall includes more than 10 million vehicles and approximately half of those are Hondas. In October 2014, the National Highway Traffic Safety Administration (NHTSA) issued a Consumer Advisory instructing automobile owners to "act immediately on recall notices to replace defective Takata airbags."

Honda develops, produces and manufactures a variety of motor products, ranging from small general-purpose engines and scooters to specialty sports cars. Takata Corporation manufactures and sells motor vehicle seat belts, airbags, steering wheels, interior trims and child restraint systems.

Mr. Cambron is represented by Attorney Ron Parry of Strauss Troy Co., LPA (with offices in Cincinnati and Northern Kentucky) and Attorney Tad Thomas of the Thomas Law Offices, PLLC located in Louisville, Kentucky.

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