What were the most expensive product recalls of 2022?

Takata, a Japanese auto parts manufacturer, faced the largest recall in history due to faulty airbags that could rupture and injure drivers and passengers. The recall affected more than 41 million vehicles worldwide and cost Takata over $24 billion.

Johnson & Johnson, a leading healthcare company, recalled over 33,000 bottles of baby powder due to asbestos contamination. The recall cost the company over $1.3 billion in settlements and legal fees.

Nestle recalled over 100,000 cases of cookie dough due to the potential presence of rubber pieces in the product. The recall cost Nestle over $50 million in damages and lost sales.

Ikea recalled over 29 million dressers after reports of them tipping over and causing the deaths of several children. The recall cost the company over $50 million in settlements and legal fees.

Ford recalled over 1.2 million vehicles due to a suspension issue that could cause steering problems. The recall cost the company over $180 million.

Blue Bell Creameries recalled all of its products due to a listeria outbreak that resulted in several deaths. The recall cost the company over $850 million in damages and lost sales.

Samsung recalled its Galaxy Note 7 smartphones after reports of the batteries catching fire. The recall cost the company over $5 billion in damages and lost sales.

Toyota recalled over 2.4 million Prius vehicles due to a software defect that could cause the cars to stall. The recall cost the company over $400 million.

These are just a few examples of the most expensive product recalls of 2022.

While these recalls have had significant financial consequences for the companies involved, they also serve as a reminder of the importance of product safety and quality control. As consumers, we must remain vigilant and informed about the products we purchase and use to ensure our safety and well-being.

If you ever find yourself or someone you care about injured by a defective product make sure to seek legal representation. Schiffman Firm can help with free consultations and guidance on what to do next.