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HAS » Topics » As a manufacturer of consumer products and a large multinational corporation, we are subject to various government regulations, violation of which could subject us to sanctions. In addition, we could be the subject of future product liability suits or proThis excerpt taken from the HAS 10-K filed Feb 28, 2007. As a
manufacturer of consumer products and a large multinational
corporation, we are subject to various government regulations,
violation of which could subject us to sanctions. In addition,
we could be the subject of future product liability suits or
product recalls, which could harm our business.
As a manufacturer of consumer products, we are subject to
significant government regulations under The Consumer Products
Safety Act, The Federal Hazardous Substances Act, and The
Flammable Fabrics Act. In addition, certain of our products are
subject to regulation by the Food and Drug Administration. While
we take all the steps we believe are necessary to comply with
these acts, there can be no assurance that we will be in
compliance in the future. Failure to comply could result in
sanctions which could have a negative impact on our business,
financial condition and results of operations. We may also be
subject to involuntary product recalls or may voluntarily
conduct a product recall. While costs associated with product
recalls have generally not been material to our business, the
costs associated with future product recalls individually and in
the aggregate in any given fiscal year, could be significant. In
addition, any product recall, regardless of direct costs of the
recall, may harm consumer perceptions of our products and have a
negative impact on our future sales and results of operations.
In addition to government regulation, products that have been or
may be developed by us may expose us to potential liability from
personal injury or property damage claims by the users of such
products. There can be no assurance that a claim will not be
brought against us in the future. While we currently maintain
product liability insurance coverage in amounts we believe
sufficient for our business risks, we may not be able to
maintain such coverage or such coverage may not be adequate to
cover all potential claims. Moreover, even if we maintain
sufficient insurance coverage, any successful claim could
significantly harm our business, financial condition and results
of operations.
As a large, multinational corporation, we are subject to a host
of governmental regulations throughout the world, including
antitrust, customs and tax requirements, anti-boycott
regulations and the Foreign Corrupt Practices Act. Our failure
to successfully comply with any such legal requirements could
subject us to monetary liabilities and other sanctions that
could harm our business and financial condition.
This excerpt taken from the HAS 10-K filed Feb 22, 2006. As a
manufacturer of consumer products and a large multinational
corporation, we are subject to various government regulations,
violation of which could subject us to sanctions. In addition,
we could be the subject of future product liability suits, which
could harm our business.
As a manufacturer of consumer products, we are subject to
significant government regulations under The Consumer Products
Safety Act, The Federal Hazardous Substances Act, and The
Flammable Fabrics Act. In addition, certain of our products are
subject to regulation by the Food and Drug Administration. While
we take all the steps we believe are necessary to comply with
these acts, there can be no assurance that we will be in
compliance in the future. Failure to comply could result in
sanctions which could have a negative impact on our business,
financial condition and results of operations.
In addition to government regulation, products that have been or
may be developed by us may expose us to potential liability from
personal injury or property damage claims by the users of such
products. There can be no assurance that a claim will not be
brought against us in the future. While we currently maintain
product liability insurance coverage in amounts we believe
sufficient for our business risks, we may not be able to
maintain such coverage or such coverage may not be adequate to
cover all potential claims. Moreover, even if we maintain
sufficient insurance coverage, any successful claim could
significantly harm our business, financial condition and results
of operations.
As a large, multinational corporation, we are subject to a host
of governmental regulations throughout the world, including
antitrust, customs and tax requirements, anti-boycott
regulations and the Foreign Corrupt
Table of Contents
Practices Act. Our failure to successfully comply with any such
legal requirements could subject us to monetary liabilities and
other sanctions that could harm our business and financial
condition.
This excerpt taken from the HAS 10-K filed Mar 9, 2005. As a manufacturer of consumer products and a large multinational corporation, we are subject to various government regulations, violation of which could subject us to sanctions. In addition, we could be the subject of future product liability suits, which could harm our business. As a manufacturer of consumer products, we are subject to significant government regulations under The Consumer Products Safety Act, The Federal Hazardous Substances Act, and The Flammable Fabrics Act. In addition, certain of our products are subject to regulation by the Food and Drug Administration. While we take all the steps we believe are necessary to comply with these acts, there can be no assurance that we will be in compliance in the future. Failure to comply could result in sanctions which could have a negative impact on our business, financial condition and results of operations. In addition to government regulation, products that have been or may be developed by us may expose us to potential liability from personal injury or property damage claims by the users of such products. There can be no assurance that a claim will not be brought against us in the future. While we currently maintain product liability insurance coverage in amounts we believe sufficient for our business risks, we may not be able to maintain such coverage or such coverage may not be adequate to cover all potential claims. Moreover, even if we maintain sufficient insurance coverage, any successful claim could significantly harm our business, financial condition and results of operations. As a large, multinational corporation, we are subject to a host of governmental regulations throughout the world, including antitrust, customs and tax requirements, anti-boycott regulations and the Foreign Corrupt Practices Act. Our failure to successfully comply with any such legal requirements could subject us to monetary liabilities and other sanctions that could harm our business and financial condition. | EXCERPTS ON THIS PAGE:
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