SFIA - Business Decisions to Recall: New CPSC Expectations and How to Meet Them
Event | 10.23.14, 10:00 AM EDT - 11:00 AM EDT
The U.S. CPSC has sparked a storm of activity by its consideration of new rules for Voluntary Product Recalls. Within the last year, more and more companies have become increasingly aware & concerned with the imminent CPSC Voluntary Product Recall process, that will place significant burdens on manufacturers, and the uncertainties that these changes will mean to their bottom line.
These provisions, now under consideration, include the ability of the CPSC to examine internal company operations and dictate procedures to be followed by company employees. While cooperation in recalls may have been a sound tactic in the past, where will the lines be driven now? Companies are now faced with tough choices brought on by the increased penalties and less protection for trade secrets and confidential business information.
Cheryl Falvey is a panelist at this event.
For more information, please visit these areas: Litigation and Trial, Product Risk Management
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Event | 02.20.25
Has the Buss Stopped? Recoupment Today
Has the Buss Stopped? Recoupment Today: In 1997, the California Supreme Court decided Buss v. Superior Court. In Buss, the court concluded that a liability insurer that defended a mixed action could seek reimbursement from the insured for the defense costs associated with the claims that were not even potentially covered. Since then, numerous courts have held that insurers are entitled to recoup their defense costs associated with uncovered claims or causes of action. On the other hand, a significant number of courts have rejected insurers’ right to recoupment, at least in the absence of a policy provision granting the insurer that right. Some commentators have even suggested that the current judicial trend might be away from permitting insurers to recoup their defense costs. Is that correct? Has the Buss stopped? This panel of coverage experts will analyze insurers’ claimed right to recoupment today, and offer their perspectives on what the law on recoupment should perhaps be and might be in the future.
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