Largest maker of gas cans going out of business

[Ah Pook]

http://www.marketplace.org/topics/bu...g-out-business

Largest maker of gas cans going out of business

by Sally Herships
Marketplace Morning Report for Monday, July 9, 2012

Jeff Horwich: The East and Midwest are cooling off a bit after highs topped 100 again over the weekend. It's been a hot early summer; there's a potential shortage coming up. Not water, not power -- gasoline containers. Blitz USA is the biggest maker of portable gas cans, and it's filing for Chapter 11. The Oklahoma-based company says it can no longer bear the costs of product liability.
Sally Herships has more.

Sally Herships: If you think your health insurance is pricey -- try buying a policy for product liability.

Nate Cade: The insurance kicks in at $5 million. $10 million, $20 million.

Those are just the deductibles. Nate Cade specializes in product liability law in Milwaukee, Wis. And he says once you use your insurance, the premiums go up. And if you're a company like Blitz USA and lose millions in a product liability case:

Cade: It's like putting chum in the water for sharks. Once there's one shark eating, other sharks will follow.

Blitz is facing 42 lawsuits -- most brought by the same three lawyers. Consumers have accused the company of making faulty cans that explode when used to pour gasoline onto fires.
Blitz says its cans carry warnings that say you should never use gasoline to start or accelerate a fire. The company did win a case in Texas but even that cost $2.5 million.
So Blitz says it's shutting its factory doors at the end of this month.
In New York, I'm Sally Herships for Marketplace.

[BPTactical]

We as a society had better do something damn quick to re-install the filter in the gene pool.
Now where to start

[Sawin]

We as a society had better do something damn quick to re-install the filter in the gene pool.
Now where to start

I'm telling you, it's too late. "We are up shit creek without a paddle", as my stepdad used to say.

[SuperiorDG]

They should also sue the big oil companies for making such a flammable product.

[BushMasterBoy]

I'm surprised people don't sue because the founding fathers gave them too much freedom...

[JohnTRourke]

I'm telling you, it's too late. "We are up shit creek without a paddle", as my stepdad used to say.

this
it's over
it died
it's been struggling for a long time, but not enough people care

it's dead Jim

[Sawin]

It's ridiculous that a solid manufacturer and with it, who knows how many jobs, is toast due to retarded prosecution-happy idiots. What does this tell you about the direction of our country?

[Goodburbon]

this makes me sick

[asmo]

Consumers have accused the company of making faulty cans that explode when used to pour gasoline onto fires.

I hate people.. I really do.

[MED]

I hate people.. I really do.