product liability


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Related to product liability: Workplace violence, Uniform Commercial Code

product liability

The debt that manufacturers and sellers owe the public for any damages their products cause. In health care, the U.S. Food and Drug Administration and applicable tort law regulate the responsibility for consumer product safety of medical devices, new technologies, prostheses and implants, telecommunications machinery, office equipment, supplies, and drugs.
References in periodicals archive ?
Mr Llewellyn added: "Reed Smith's strong US practice and clear dedication to further expansion into Europe provides a strong platform to cultivate the product liability practice.
While the legal concepts behind product liability and consumer protection have been around for ages, the number of lawsuits has skyrocketed in the United States in just the last 10 to 15 years.
Congress has ever come to enacting broad-scope product liability reform was in 1998.
11) Some readers may reasonably be skeptical, then, that Viscusi provides adequate support for claims such as "juries often regard corporate risk analyses as red flags"(12) or "many of the most well-known cases involving punitive damages are also those in which corporations undertook a risk analysis, or in some cases, a sound benefit-cost analysis,"(13) even if these claims are interpreted to apply only to automotive product liability.
The House and Senate have considered product liability bills since the early 1980s, but they never passed any major legislation.
Bennett-Alexander (1985), "Retailer Inclusion in Product Liability Actions: Strategic Implications," in Retailing: Theory and Practice for the 21st Century, Robert L.
For the last 12 years, the Product Liability Coordinating Committee (PLCC) has supported this reform movement.
The NMTBA claims studies show that, for every $6 paid out to claimants by insurance companies for product liability, another $7 is paid for lawyers and other transaction costs.
For example, the National Association of Manufacturers noted, in a 1984 issue brief, that "virtually all studies concerning product liability laws have concluded that the problems are
I was impressed with their commitment to client service excellence through their Client Service Pledge, their strong product liability practice and the camaraderie in the D.
In the product liability category, the median jury award jumped to $1.
Product Liability & Risk is described as a "complete product liability news and information reporting service.

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