Product recalls can have longer term effects on shareholders, including altering the company’s financial profile, hurting its performance in the market and harming its reputation. The company may also find itself facing potentially costly securities fraud litigation. Because the failure to handle a recall properly can have short- and long-term financial consequences, management should take extra care in how they handle their products and any recalls, not just out of respect for consumers but to mitigate the harms to the company’s investors.
In an ideal world, manufacturers would do a better job of making sure medical products are safe before they reach vulnerable patients. In the meantime, know that there are steps you can take to stay informed so that you can protect yourself as best you can when recalls are announced. Find answers to key questions such as why there was a recall, if the recall affects you, how the recall affects you and what to do once you learn of a recall.
The National Highway Traffic Safety Administration reported 881 vehicle recalls in 2019, affecting a staggering 38,583,951 vehicles. With hundreds of vehicle recalls issued each year, we face the very real problem of “recall fatigue,” a phrase that’s often used to describe consumer apathy due to the oversaturation of recall notices in the market. When consumers are no longer alarmed by recalls, they may be overwhelmed by them or recalls may become buried or ignored. This makes it easier for life-threatening defects to slip through the cracks.
The demand for long-term contraception has grown in recent years. There are many theories about the increase. Truthfully, the “why” of it all is deeply personal for each woman. It is, however, less important than our need to ensure the safety and efficacy of the birth control that so many women rely on.
Whether you’re getting an education, talking to your doctor through telehealth services, or shopping online, it’s important to know that cybercriminals are lying in wait, in search of any opportunity to steal your private health or personal information to your detriment. Fortunately, there are important steps you can take to protect yourself and your family, but several common misconceptions can make it easier for you to fall victim if you aren’t vigilant.
Lung cancer is often considered to be only a “smoker’s disease.” The evidence shows, however, that that is wrong. The number of persons with lung cancer who have never smoked has steadily grown for years. One 2015 study reported that the percentage of nonsmokers diagnosed with non-small cell lung cancer nearly doubled between 1990 and 2013 from 8.9% to 17%.
One of the most important aspects of my job as an asbestos attorney is listening to clients’ stories. Unfortunately, given the nature of the work, there are often moments when fond and seemingly innocuous memories are tainted by the realization that they may have been a point of exposure to deadly asbestos and the cause of a life-altering diagnosis years down the road.
Every September – Mesothelioma Awareness Month – we at Motley Rice join advocates throughout the country and around the world in raising awareness on the dangers of asbestos exposure. With thousands more lives lost due to deadly asbestos with each passing year, we all can only hope and do our part to demand that our nation’s leaders finally bring an end to this preventable loss and devastation by banning asbestos outright.
As we commemorate September 11, 2001, we are reminded of how our nation came together in response 19 years ago. All over the nation, and the world, people will come together again this year to honor those so brutally and suddenly lost. We remember the survivors and the mourning families. We remember and we honor the heroes who gave so much and continue to do so in furtherance of the legacies of September 11, 2001. There are many ways we honor 9/11 around our communities and across the nation, including volunteer projects, moments of silence, memorial runs or walks, stair climbs, as well as through kind acts or words of support and encouragement to grieving families of those in need.
Business interruption insurance, an insurance that covers loss of income caused by a disaster, is a way for many businesses to have a sort of life preserver during this disruptive time. But what happens if your insurance claim is denied, ripping your lifeline away and defying the spirit of the bargained for deal you agreed to with your insurance carrier? It’s a question thousands of businesses are currently asking after being told that mandated business closures related to the novel COVID-19 pandemic don’t, for a variety of reasons, meet the terms of eligibility for business interruption payouts as specified in their insurance policies.