ADVISORY/Experts Available to Discuss Bridgestone/Firestone Settlement.Business Editors ADVISORY... --(BUSINESS WIRE)--Nov. 8, 2001 TOPIC: Bridgestone/Firestone announced Wednesday that they would pay $41.5 million to avoid lawsuits regarding 6.5 million defective tires that were recalled more than a year ago. According to The Associated Press, each state will receive $500,000 under the settlement. The company will also spend $5 million on a consumer education campaign and $10 million to reimburse attorneys' fees for the states. Since the recall, federal investigators have documented 271 deaths from accidents involving the tires in question. EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story: Mr. Jeffrey M. Herman is managing partner for Herman & Mermelstein. Mr. Herman has broad-based litigation practice with an emphasis on products liability, personal injury, aviation, and intellectual property. 305/377-2200, herman@hermanlaw.com; PR: Sue Reddy (suereddy@boardroompr.com, 954/370-8999) Mr. Rick Alexander is the executive director of the National Association of Motor Vehicle Boards & Commissions. He has been working in the automotive industry more than 15 years. He works with both state and federal government agencies that regulate and enforce motor vehicle laws in this country. 972/625-3029, rick@namvbc.org Professor Paul H. Rubin, of Emory University, has written and testified about antitrust, advertising, damage issues, and the value of class action settlements. He has worked for the Federal Government at the FTC, and as Chief Economist at the Consumer Product Safety Commission. 404/727-6365, 404/727-6123 (University PR Phone) ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue. ExpertSource, a collaboration of Business Wire and The Round Table Group, provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/expertsource. Business Wire's Media Resource Center provides working journalists many free media services. Please visit the BW Media Resource Center at (www.businesswire.com/media) for more information. |
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