The Importance of Timely Product Safety Reporting

On March 16, 2026, the U.S. Consumer Product Safety Commission (CPSC) announced that Shimano, Inc., and Shimano North America Holding, Inc., agreed to pay an $11.5 million civil penalty for failing to immediately report defective bicycle cranksets that posed a crash hazard to consumers. Per the CPSC, Shimano received thousands of warranty claims between 2013 and 2022 about its 11-speed Bonded Hollowtech II bicycle cranksets separating during use, along with dozens of complaints from consumers…
By: Blank Rome LLP