Consumer Product Safety Commission Fines Manufacturer $4 Million for Failure to Report
The nation’s largest children’s products manufacturer reached a tentative agreement to pay $4 million in a case brought by the Consumer Product Safety Commission for failure to report its potentially dangerous products to the Commission. Under the Consumer Product Safety Act, all manufacturers, distributors and retailers have an obligation to report potentially defective and/or dangerous products, and failure to do so can result in a fine for every such article in the stream of commerce. It’s, therefore, important that manufacturers, distributors and retailers all understand and incorporate the rules for reporting into the their loss management protocol. View full article (PDF).