Lessons Learned From CPSC's Record-Setting Civil Penalty
Law360, New York (April 5, 2016, 12:08 PM EDT) -- The remarkable, record-setting civil penalty of $15.45 million announced on Friday, March 24, 2016, by U.S. Consumer Product Safety Commission Chairman Elliot Kaye should grab your attention. It was clearly designed to.
Chairman Kaye, in a widely covered recent speech, made no apologies about his clear intention to find a suitable case to seek an “eight digit” penalty, something never before seen at the CPSC. Certainly his remarks, made within a month of this announcement, foreshadowed the civil penalty against Gree Electric Appliances Sales Co. Ltd.
A Trophy Civil Penalty
In setting out his vision so clearly, Chairman Kaye made explicit...
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