Multiple lawsuits were filed against the company, including one $46 million settlement for a death that occurred nearly a year after the initial recall. Ikea received nearly 300 reports of Malm and other dressers tipping over, resulting in 144 child injuries. As part of this recall, Ikea offered consumers the option of a refund, including free pick-up of the dresser from their home, or a wall-anchoring kit including free, one-time installation. More than 17 million units made between January 2002 and June 2016, including the popular Malm model, were recalled due to instability and risk of tipping over if not properly anchored to a wall. Product recalls on a mass scale present a burden both to business enterprises and the consuming public alike-not just in terms of the market value of the products themselves, but the time-dollar value of staging a recall and the erosion in public confidence that usually results from them.Ĭontinue reading to learn more about the top 10 recalls of the last 15 years.Ī recall of Ikea chests and dressers was first issued in June 2016, then reannounced in November 2017 following an eighth child fatality connected with the furniture. economy an estimated $1 trillion each year. Yet, despite this progress injuries and deaths caused by consumer products still cost the U.S. Moreover, there have been significant declines in injuries related to in-ground swimming pools and bicycles during that same time. According to a February 2022 speech given by Commission Chair Alexander Hoehn-Saric, crib deaths and incidents of child poisoning both decreased approximately 80% since the early 1970s. These efforts have contributed to significant declines in injuries and deaths over the last few decades. ![]() These recalls are ranked based on the number of product units recalled in the U.S., using data provided by the U.S. Recalls may involve product repairs, replacements, or refunds for products taken off the market.Įstey & Bomberger, LLP compiled a list of the largest product recalls since 2007. ![]() The agency does this by enforcing product standards, assessing possible dangers, and providing oversight for product recalls. Consumer Product Safety Commission has been working to decrease preventable injuries and deaths related to consumer products.
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