What is a “market share liability” in defective products law?

Market share liability in defective products law is a legal concept that holds companies responsible for any product-related injuries or deaths, even if the company has no direct relationship with the defective product or the person who sustained the injury. This concept means that companies who sell a certain type of product are liable for any injuries or deaths caused by any manufacturers’ version of that product. For example, in New York, a person who is injured by a defective operating table could sue any company who manufactured, sold, or distributed any version of that same operating table. All of these companies would be held jointly and severally liable for the damages, even if they were not directly involved in the injury. This is because companies have a shared responsibility among each other to ensure that the products they bring to market are safe for consumers. Obviously, under market share liability, the more a company produces or sells a defective product, the higher likelihood that a court will find that company responsible for the injury or death. As a result, companies are always obligated to exercise a great deal of caution when developing and releasing new products. The last thing a company wants is to be found guilty of market share liability.

Related FAQs

What are some examples of defective products law in action?
What is a “design defect” in defective products law?
What types of parties can be held liable for a defective product?
What is a “market share liability” in defective products law?
What type of damages can be awarded in a defective products case?
What is the “state of the art defense” in defective products law?
What is the role of a product liability expert witness?
How does a court determine liability for a defective product?
What is a “manufacturing defect” in defective products law?
What is “strict product liability” in defective products law?

Related Blog Posts

What Every Consumer Must Know About Defective Products Law - July 31, 2023
Understanding Your Rights: Defective Products Law Explained - August 7, 2023
What You Need to Know Before Filing a Defective Product Lawsuit - August 14, 2023
What to Do After Being Injured by a Defective Product - August 21, 2023
When to Seek Legal Representation for Defective Products Law Cases - August 28, 2023