CPSC Publishes $45K Drawstring Settlement with CVS for Comment
The Consumer Product Safety Commission has published its provisional settlement agreement with CVS Pharmacy, Inc. in the Federal Register for comment. In the agreement, CPSC staff alleges that the company “knowingly” failed to immediately report that it had sold children’s hooded jackets with drawstrings which later became the subject of a voluntary recall.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
If CPSC does not receive a written request not to accept the settlement agreement (which includes a civil penalty of $45,000) by August 25, 2011, it shall be deemed finally accepted on August 26, 2011.
(See ITT's Online Archives or 08/05/11 news, 11080523, for earlier BP summary describing the settlement agreement and CPSC's allegations, as well as a new CPSC rule on drawstrings as a substantial product hazard.)
CPSC Contact -- Seth Popkin (301) 504-7612
(D/N 11-C0007, FR Pub 08/10/11)