Frequently Asked Questions
What were the most expensive product recalls of 2023
In 2023, product recalls reached a seven-year high, with some of the most costly involving various industries. The total value of recalls was estimated between $12.9 billion and $24.6 billion. Some major recalls included automotive recalls, with Ford and Honda leading in numbers, and high-profile consumer product recalls, such as the re-announced Fisher-Price Rock ‘n Play Sleepers linked to multiple infant deaths. Recalls also spanned pharmaceuticals, food, and medical devices, highlighting significant risks to consumers across various sectors.
In this article, we will take a closer look at the most expensive product recalls of 2023.
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Fisher-Price Rock ‘n Play Sleepers
This product was re-announced due to its link to over 100 infant deaths, estimated at over $60 million in damages.
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Peloton Treadmills
After numerous injuries and one death, this recall cost the company around $165 million.
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Ford and Honda Vehicle Recalls
Leading the automotive recalls, these companies collectively recalled millions of vehicles, costing an estimated $4 billion.
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Philips Respironics Ventilators
A recall due to foam degradation in these devices created an estimated liability of over $1.2 billion.
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Similac and Alimentum Baby Formula
Following bacterial contamination concerns, the cost of this recall was estimated at around $2 billion.
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Exactech Hip, Knee, and Ankle Implants
A recall of faulty medical implants led to a potential cost of over $350 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.
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Answered By:
Attorney Daniel SchiffmanMore About Daniel:
Daniel S. Schiffman, a partner at Schiffman Firm, is a litigator who practices primarily in the fields of personal injury, product liability, and business litigation. Attorney Schiffman is licensed to practice law in all Pennsylvania state courts (60 judicial districts) and all three of Pennsylvania’s federal district courts.
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When Bad Products Hurt Good People - Your Case Is Our Cause
Which Law Firm Handles Product Liability and Defective Product Personal Injury Claims?
With over 100 years of collective legal and trial experience, the team at Schiffman Firm has been a leader in providing trusted legal representation to injured victims and other types of clients in Pittsburgh, Pennsylvania.
With a focus in product liability cases caused by dangerous and defective consumer and commercial products, our attorneys bring vast amounts of experience and expertise to victims and families that have suffered an injury caused by defective products like, but not limited to:
Automobiles and Airbags
Firearms, Bows, and Hunting Equipment
Power Tools, Machinery, and Snow Blowers
Infant Inclined Sleepers, Beds, and Rockers
Our team of lawyers can also handle a wide variety of other personal injury cases and legal matters including car accidents and automobile collisions, injured children, and estate litigation.
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