Products Liability & Recall

Matson Driscoll & Damico's forensic accounting teams deliver an objective and reasonable calculation of physical damages, lost profits, extra expense, recall and rehabilitation costs. When clients involve the firm in these claims, MDD professionals:

• Establish proper audit protocols
• Review and assess all relevant historical documentation
• Assist in on-site audit and inventory observations
• Monitor the recall and rehabilitation process
• Manage information flow to track expenditures and quantify damages
• Categorize, control and sort all costs
• Evaluate loss of market share
• Quantify lost profits and extra expenses
• Provide periodic status and final reports

When products are recalled because of defects, contamination or tampering, a company should respond quickly in a straightforward and positive manner. By quickly understanding and assuming control of the situation, damages can be mitigated and public perception can often be mobilized in the proper direction.

Matson Driscoll & Damico staff have worked on a broad range of high-profile and complex global products liability and recall situations in the food and beverage, pharmaceutical, medical device, chemical and distribution industries – to name a few. With offices around the world and experts well versed in the intricacies of dealing with product liability and recall, MDD can, subject to the parameters of the assignment, immediately respond with a forensic accounting team that best matches the requirements of the individual situation.

MDD forensic accounting teams work to quickly deliver an objective and reasonable calculation of physical damages, lost profits, extra expenses incurred, for recall and rehabilitation.

When you have a product liability or recall situation on your hands, call MDD as a first step to achieving a satisfactory solution.