Ten tire companies have been subject to a recall for numerous types of tires that they sell. The primary reason for the recall across all companies was that the tire failed to comply with federal safety requirements. Defective tires pose a serious risk of a car accident which may result…
If you have a Shrek Forever After 3D” Collectable Drinking Glass from McDonald’s that you have purchased, stop using the cup immediately because it has recently been linked to a cadmium risk. The cup was manufactured by ARC International, of Millville, NJ and distributed by McDonald’s. There were 12 million…
Over 335,000 vehicles have been a topic of discussion as subjects in the latest vehicle recall. This reinforces the idea that no vehicle is immune to the possibility of a recall. Though, the risk of a recall is less after the vehicle has been on the market for five years…
If you are or were a Countrywide mortgage holder, you may be at risk of identity theft following a breach in computer security at the firm. The risk has been identified for hundreds of homeowners s who may or may not have received a notice from Countrywide if they have…
Food manufacturers have specific regulations they must follow when providing information on their labels about the contents of their food. Twenty two food manufacturers have recently violated regulations provided in the Federal Food, Drug, and Cosmetic Act. The crux of the violations include the manufacturers providing information to consumers that…
Kuuma Stow and Go barbecue grills were reported to cause three fires and minor burns on the hands of victims that were using the barbecue grill. The reported injuries prompted the recall of nearly 5000 grills in the U.S. market. Eastwind Industries, Inc., the manufacturer, cited that propane tanks in…
In February of 2010, Ormat concluded that the company’s 2008 financial statements required restatement and that current statements were unreliable. This occurred because capitalized costs for exploration and development of select properties that the company did not plan on developing were suspected to be improperly calculated into financial equations. Once…
An ERISA class action lawsuit was filed on behalf of nearly 90,000 Comcast employee stock plan participants because of an alleged breach in fiduciary duty by the company’s failure to make “reasonable” investments. Total plan assets were over $2 billion in 2006 and roughly $293 million consisted of Comcast stock.…
Toyota has agreed to pay $16 million in penalties after the government contended that Toyota knowingly refrained from disclosing the sticky gas pedal defect to the public and did not take action to protect the public from harm. Toyota’s agreement does not mean that the company admits to wrongdoing. However,…
Guidant, LLC, maker of a cardiac defibrillator, pled guilty to criminal violations of the Food and Dug Administration Cosmetic Act which requires that medical device companies disclose risks of serious injury and death that are associated with their products. The Guidant defibrillator was used in cardiac surgery to produce a…