GE Agrees to Pay $3.5 Million to Settle CPSC Charges of Late Hazard Reporting
General Electric has agreed to pay a $3.5 million penalty and maintain a compliance program in order to settle charges that it failed to report defects in two models of oven ranges and dishwashers, said the Consumer Product Safety Commission…
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on Feb. 19 (here). CPSC said GE waited to announce a recall of the ranges until February 2009, five years after finding out about an electrical issue that could cause fires. GE did not report the product safety hazard to CPSC until late 2010, said the agency. By law, manufacturers (including importers), distributors, and retailers must report to CPSC immediately (generally within 24 hours) after obtaining information on a dangerous hazard or a product that fails to comply with a product safety standard. GE did not admit its guilt as part of the proposed settlement.