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Department of Justice Product Safety Settlements Include Compliance Program Requirements

Department of Justice Product Safety Settlements Include Compliance Program Requirements

By Debra Rade on May 20, 2014

If you are on the board of manufacturing company or a retailer, you might not have noticed that this week the Department of Justice announced that Electrolux Home Products Inc. (Electrolux) of Charlotte, North Carolina, agreed to pay a civil penalty of $750,000 in a settlement on May 14, 2014. This resolves allegations against Electrolux […]

Posted in Corporate Governance, Policies & Compliance, General Counsel & Corporate, Product Safety & Regulatory, Uncategorized | Tagged 15(b) reporting, audit committee, civil penalties, compliance program, Consumer Product Safety Act, consumer product safety commission, Department of Justice, Electrolux, failure to report, product safety

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