This excerpt taken from the VLKAY 20-F filed Feb 25, 2010.
Product liability claims against CNH arise from time to time in the ordinary course of business. There is an inherent uncertainty as to the eventual resolution of unsettled claims. However, in the opinion of management, any losses with respect to these existing claims will not have a material adverse effect on CNHs financial position or results of operations. Product liability expense is recorded in the consolidated statements of operations in the line Other, net.
This excerpt taken from the VLKAY 8-K filed Dec 8, 2009.
5.1.13. Product liability
The products designed, manufactured and commercialised by the Transferors are correctly designed and manufactured and are appropriately packaged for sale, therefore there are not pending (nor to the Knowledge of the Transferors are any contemplated) claims regarding defective products or products which may have caused or potentially cause any damage, except as indicated in Annex 5.1.12.