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Product liability is when a manufacturers negligence in designing unsafe products available to the general public have caused harm. The negligent party is then held responsible for accidents, illnesses and injuries those products have caused
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Our firm represents clients in defective product injury claims for injuries and accidents. We represent clients in the areas of Defective truck parts and auto defects, Dangerous prescription drugs, Defective ladder and scaffold cases, and Defective medical devices.
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Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause. Wikipedia
How much is a product liability case worth?
In cases of product liability, the median award was $1.5 million, and the average award was $5.1 million. The highest median award in product liability cases in 2017 was for medical products cases ($4,002,185).
What is an example of product liability?
Largest Product Liability Suits Include:
General Motors Co.: (GM) In February 2014, it was discovered that several of its automobile models were manufactured with faulty ignition switches that could shut off the engine during driving, disable power steering and brakes, and prevent airbags from inflating.
Philip Morris: Tobacco Products.: In 2002, Philip Morris, now known as Altria Group Inc. (MO), faced charges in a suit filed by a woman who had lung cancer and claimed that smoking cigarettes had caused her sickness and that her tobacco addiction was caused by the tobacco company’s failure to warn her of the risks of smoking. The company was ordered to pay punitive damages of a whopping $28 billion and $850,000 in compensatory damages. Philip Morris appealed the case and nine years later the amount was reduced to $28 million.
General Motors Co.: Automobile Parts. In March 2008, GM faced a product liability suit that claimed a damaging chemical was used in its Dex-Cool coolant, which caused leaks and engine damage. A class action suit was filed on behalf of about 35 million GM customers for approximately $20 billion. The customers who filed the suit ended up receiving individual payments in the range of $400 to $800.
Dow Corning: Silicone Breast Implants: In 1998, Dow Corning, a joint venture of The Dow Chemical Co. (DOW) and Corning Inc. (GLW), reached a settlement in which it agreed to pay $2 billion as part of a larger $4.25 billion class action suit filed by customers who claimed that their silicone breast implants were rupturing, causing injury, bodily damage, scleroderma, and death.
General Motors Co.: Automobile Parts In Aug. 1999, GM faced a personal injury and product liability lawsuit claiming a faulty gas tank on its 1979 Chevrolet Malibu caused gas tank explosions that killed six individuals. The plaintiffs sued for $4.9 billion in punitive damages.
Owens Corning: Asbestos Building Materials: In Dec. 1998, Owens Corning Corp. (OC) agreed to pay $1.2 billion to settle to asbestos-related product liability lawsuits claiming that its asbestos building materials caused mesothelioma cancer and death. There were 176,000 individuals involved in this product liability case.