April 30, 2005
’Fess up more quickly, say Feds
The U.S. Consumer Product Safety Commission is "flexing its muscles" by imposing unprecedented large fines on evildoers, according to a recent client letter from Powell Goldstein LLP. The authors, William V. Custer and Vo E. Johnson, note that the biggest problems seem to be delays in notifying the agency of potential problems, and caution businesses to err on the side of reporting possible defects.
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