Printer Friendly
The Free Library
4,547,544 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

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.

COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 8, 2001
Words:336
Previous Article:The United Kingdom to Showcase R&D And Commercial Advances in Technology At Comdex 2001.
Next Article:Green Wave Radio to Broadcast Interview With Peabodys / Beantrees Top Executives.



Related Articles
Bridgestone/Firestone has purchased the Gillette trademark and certain other marks owned by the Gillette Tire Company.(Brief Article)
Bridgestone invests $70 million in Japanese plant.(Brief Article)
Tire defects targeted in litigation and recall.
The message of the Firestone/Ford tragedy.
Michelin North America.
Tire maker Firestone has bought a majority stake in one of its customers, private tire retailer Morgan Tire & Auto, with plans to fully acquire the...
Bridgestone/Firestone pays $41.5 million in settlement. (Corporate, financial news).(Brief Article)
Bridgestone/Firestone North American Tire, LLC.(Acquisitions, Expansions)
Bridgestone CEO Lampe retires.(People in the News)
BRIEFCASE.(Business)

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles