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ABOUT
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 information needed to efficiently and accurately quantify the loss. When we’re involved early in the process we can expedite the review process and assist in managing expectations for all parties.
HIRE US
Our experts have tackled numerous high-profile and complex product liability & recalls worldwide for the food and beverage, pharmaceutical, medical, 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 products and segregating 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
- Expert and consulting witness testimony
OUR TEAM
TEAM INFORMATION
Contact our team members using the details below. These contacts simply supplement
any MDD contacts you may already use to help find the resources you need.
Experience
Experience
Contact one of our experts below or filter experience based on region.
ARTICLES
RELEVANT ARTICLES
Our experts are extremely knowledgeable about thier subject areas and often write educational material and commentary on topical issues they come across.
Peloton Recall of Tread+ and CPSC in Protecting Consumer Safety
The Consumer Product Safety Commission (CPSC) in the US works with standards organisations, manufacturers, and companies to develop voluntary safety standards, warn the public of products that present significant risks to consumers and enforce mandatory standards or banning consumer products...
Sleepless Nights: Product Recall of Sleep Device
What started off as a comment by CEO Frans van Houten in global electronics giant, Philips Q1 Quarterly Report of 2021 issued on 26 April 2021 that “regretfully, we have identified a quality issue in a component that is used...
Trends in Food and Beverage Related Product Recalls
Numerous large-scale product recalls have captured national, if not global, media attention. One example is the 2008 salmonella outbreak linked to products manufactured by the Peanut Corporation of America. This incident involved the recall of more than 4,000 products produced...
Product Liability Claims: How can a forensic accountant assist in the claim review process?
There are many different types of liability coverage available to business owners including D&O liability, professional indemnity and public liability amongst others. However, from a claims perspective, one of the most common types of cover we come across is that...
Liability: When Do the Numbers Become Important?
This month MDD focuses on liability claims and looks at the benefits of getting the right technical accounting expert engaged early on to stress test quantum. What you will learn from reading the article include: How early involvement provides better...
Contaminated Products Insurance Claims: How to Check the Costs of a Product Recall
The number of food product recalls reported in the UK through the FSA (Food Standards Agency) rose 78% in 2015. With many UK businesses operating internationally, a product recall situation can impact many countries and cost millions of pounds in...
Documentation and Litigation
Litigation can be a scary and intimidating process. Preparation is key and includes ensuring that the documentation you need to prove your case is ready at hand. Below are some common forms of litigation and the documentation that should be...
Projects
CASE STUDIES
Our firm has over 80 years of experience working on assignments that span over 800 industries around the world. By exploring some of the cases we have worked on you will gain a better understanding of how we might be able to assist you in your quantification, investigation or valuation needs.
