Analytic Focus Blogs

December 11 , 2015
Posted by Charles Cowan

Step Back and Take the Broader View!  The Multiplier Effect in Damages.

This is a story for the rest of us - the people who have not purchased a product that is recalled, but suffer a loss anyway.  There have been numerous articles written about losses due to various cheating\hiding scandals - General Motors and their faulty ignition switches, Toyota's unintended acceleration, fire hazards in riding mowers and snowmobiles, ... ,  it is product "F".  These are losses to the purchasers of the faulty product, or losses to retailers or wholesalers who sell the faulty product, and losses to those unlucky enough to invest in the manufacturer's stock. Bad drug? There are losses to patients, doctors who treat them, hospitals who employ the doctor, and the investors in the pharmaceutical company.

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