Justice Department Uses Wire Fraud to Pursue Product Safety Case
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Without admitting or denying any wrongdoing, General Motors has agreed to pay a $1 million civil penalty to resolve charges that deficient internal accounting controls prevented the company from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles. Jaclyn Jaeger reports.
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Product Safety Recalls Create New Breed of Compliance Concerns
Image: Automakers, airbag manufacturers, and even ice cream companies have suffered regulatory wrath over product safety concerns and inadequate recall procedures. Those in the crosshairs, especially if the Consumer Product Safety Commission is involved, are finding that their missteps can come with hefty fines and rigid compliance demands. “Companies that ...
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