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GIS » Topics » If our food products become adulterated, misbranded, or mislabeled, we might need to recall those items and may experience product liability claims if consumers are injured.These excerpts taken from the GIS 10-K filed Jul 11, 2008. If
our food products become adulterated, misbranded, or mislabeled,
we might need to recall those items and may experience product
liability claims if consumers are injured.
We may need to recall some of our products if they become
adulterated, misbranded, or mislabeled. A widespread product
recall could result in significant losses due to the costs of a
recall, the destruction of product inventory, and lost sales due
to the unavailability of product for a period of time. We could
also suffer losses from a significant product liability judgment
against us. A significant product recall or product liability
case could also result in adverse publicity, damage to our
reputation, and a loss of consumer confidence in our food
products, which could have a material adverse effect on our
business results and the value of our brands.
Table of Contents
If our food products become adulterated, misbranded, or mislabeled, we might need to recall those items and may experience product liability claims if consumers are injured. We may need to recall some of our products if they become adulterated, misbranded, or mislabeled. A widespread product recall could result in significant losses due to the costs of a recall, the destruction of product inventory, and lost sales due to the unavailability of product for a period of time. We could also suffer losses from a significant product liability judgment against us. A significant product recall or product liability case could also result in adverse publicity, damage to our reputation, and a loss of consumer confidence in our food products, which could have a material adverse effect on our business results and the value of our brands.
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