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 broad-based Of or relating to an index or average that provides a good representation of the overall market. The S&P 500 and NYSE Composite are generally regarded as broad-based stock indexes, while the popular Dow Jones Industrial Average is biased litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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 The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. 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 Emory University (ĕm`ərē), near Atlanta, Ga.; coeducational; United Methodist; chartered as Emory College 1836, opened 1837 at Oxford. It became Emory Univ. in 1915 and in 1919 moved to Atlanta. , has written and testified about antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. , advertising, damage issues, and the value of class action settlements. He has worked for the Federal Government at the FTC FTC See Federal Trade Commission (FTC). , and as Chief Economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the 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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