Corporate officers and directors need to confront the serious risks they and their companies face in the current environment. Who says so? The famous Marty Lipton of Wachtell Lipton. See this September 19, 2019 post at Blue Sky Blog.
Walmart wants 8 chemicals out of products it sells, according to a July 20, 2016 article in Bloomberg. Is this management of D&O risk because of Caremark duties to put in place systems to identify and manage corporate risks? Is it TSCA fall out? Is it abstract concern for customers? Is it risk management…
For organizations indirectly or directly involved with health, the current world can present massive opportunities and risks due to media that can reach around the globe to millions, in a relative instant. A new example? Concussions, research and emerging science, the subject of a new Will Smith movie in theaters at Christmas, as described here…
Last week GM and now VW. Imagine trying an asbestos friction case in the next few months, and offering up a corporate witness to testify on behalf of the company. Reputation risk – and loss of reputation – can have consequences in many forums.
Yet another major city news editorial has pilloried the US Chamber of Commerce for shilling for big tobacco, this time in Pittsburgh. Reputations are fragile. One has to ask how much the rest of the business community will lose because of the chamber’s choice to work for big tobacco.
Product liability and criminal penalties may soon come together for General Motors due to the ignition switch issues, according to a May 25, 2015 Wall Street Journal article. Risks continue to increase for companies that choose not to share information with regulators and others. Transparency may become a tool for defense.
The NYT ran a weekend article suggesting GM’s lawyers are “a focus” of the ongoing internal investigation by Anton Valukas regarding GM’s failures related to the ignition switch. It will be interesting to see the outcome.
Lawyers become central when the dominant question is framed as “what do we have to do,” as opposed to…
Everything is relative, it seems. The tobacco industry complains bitterly about plain packaging for cigarettes. Compare, in contrast, this National Health Service television ad showing a tumor in a beer bottle.
The ABA Journal reports that Patton Boggs and Locke Lord called off merger talks, in part because of risks and perceptions arising from its participation in part of the Chevron pollution litigation. A LAW360 story goes a bit further, and says Locke Lord clients commented unfavorably, with some being in similar industries to Chevron.
Google obviously does not bother with serious quality control when it tosses out browsers and other software. However, the errors in Chrome are reaching new lows, as illustrated by the repeated error message that is copied and pasted below:
"Oops! Google Chrome could not find www.prohostbiotech.com
Did you mean: www.prohostbiotech.com"