China Product Recalls: What's at Stake and What's Next

San Francisco, California and New York, New York
14 November 2007
Hosted By: NERA Economic Consulting

Over the past year, more than 100 million products that were manufactured in China -- ranging from toys and pet food to tires and toothpaste -- have been recalled in the United States. NERA hosted two seminars that examined the host of legal and economic issues being raised by these recalls. In New York City on 29 November 2007, NERA Senior Vice President Lucy P. Allen was joined by Francis Citera of Greenberg Traurig, while in San Francisco on 14 November, NERA Senior Vice President Dr. Kent Van Liere was joined by Gail Lees of Gibson Dunn & Crutcher and Kenneth Kliebard of Howrey LLP, while. Both panels discussed how the recalls associated with goods manufactured in China are similar to and different from other product recalls in the US; strategies for litigation avoidance and litigation risk management going forward; and the economic issues involved in quantifying the value of class action liabilities and estimating future product liability and forecasting claims. In addition, the New York City panel addressed emerging legislative initiatives and their potential effects; and the San Francisco panel addressed emerging issues for the courts, the legal system, and the government in handling these recalls.

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