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Product Liability & Product Recall

When a product liability or product recall situation occurs, businesses frequently find themselves suffering a financial loss or being held responsible for the financial loss suffered by another business. Regardless of whether or not the loss is due to a product defect, contamination, or tampering, MDD can help accurately quantify the resulting loss.

We produce comprehensive checklists and documentation requests to ensure we receive the documentation needed to efficiently and accurately quantify the loss. By requesting the necessary information early in the process, MDD can expedite the review process and assist in properly managing expectations for all parties.

product liability, product recall, products liability, products recall

Our forensic accounting experts have tackled numerous high-profile and complex product liability & product recall situations worldwide for the food and beverage, pharmaceutical, medical device, chemical, and distribution industries.

We offer a wide range of product liability & product recall services that include:

  • Establishment of proper audit protocols
  • Review and assessment of relevant historical documentation
  • Tracing of claimed costs to recalled product and segregate those potentially not recall related
  • Assistance in on-site audit and inventory observations
  • Monitoring of the recall and rehabilitation process
  • Management of information flow to track expenditures and quantify damages
  • Categorization, control, and sorting of costs
  • Evaluation of market share loss
  • Quantification of lost profits and extra expenses
  • Status reporting and issuance of the final report
  • Expert and consulting witness testimony

When you are faced with a product liability or product recall situation and need assistance, hire MDD.

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