SGMA’s Litigation & Risk Management Summit Successfully Tackles Current Issues
SILVER SPRING, MD – April 6, 2011 – Timely and targeted. That’s one way to summarize the topics discussed this week at SGMA’s 4th Annual Litigation & Risk Management Summit (LRMS) which was held April 4-5 at the Hilton New Orleans Riverside Hotel in New Orleans, LA. The event, organized by SGMA’s Legal Task Force, started on the evening of April 4 with the "NCAA Basketball Bash Welcoming Party” and concluded with a fascinating panel discussion involving three very experienced in-house counsel for sporting goods companies -- Steve Lyverse (Hillerich & Bradsby), Jim Archibald (STX Lacrosse), and Marc Clements (Jarden Corporation) -- who discussed What (Issues) Keep Them Up at Night.
In between, a few of the ‘hot’ topics included (1) Discussion of the CPSC’s New Consumer Reporting Website – by the CPSC’s chief legal officer Cheryl Falvey, who is the person enforcing it!; (2) Where Will the New Political and Economic Reality Take Us? – by nationally syndicated radio pundit Hugh Hewitt; (3) Traumatic Brain Injuries: Assessment, Prevention and Mitigation - by James R. Funk (Ph.D., PE, Biodynamic Research Corp.); (4) An Update on the CPSIA: It Isn’t Over Yet! – by attorneys Paul Rosenlund (Duane Morris LLP) and Kevin Mayer (Crowwell & Moring LLP); and (5) The State of the Industry – by SGMA President/CEO Tom Cove.
For a complete list of the speakers and the topics they presented at this year’s LRMS, access: https://www.sgma.com/img/home/2011_LRMS_Agenda.pdf
“We had great insight provided to us by our two keynote speakers, Hugh Hewitt and Cheryl Falvey,” said Bruce Cranner (Partner; Frilot, LLC). “Hugh enlightened participants that communication, communication, communication is the key to dealing with a product under siege. Being open and transparent about the situation is always the answer. Cheryl informed us of drafted legislation that is not yet a law, but under consideration that would significantly alter the CPSIA database and change the age of what’s considered a child’s toy, amongst other developments.”
“This year’s LRMS featured frank and insightful discussions of legal issues facing the sporting goods industry punctuated by knowledgeable people engaged in the struggles within the sporting goods industry,” said SGMA Legal Task Force Chairman Mark Granger (Senior Partner; Morrison Mahoney LLP).
“This was my first time attending the Litigation & Risk Management Summit and I found it to be very beneficial,” said SGMA Chairman Larry Franklin (President; Franklin Sports). “There were some great ‘take-aways’ from the event. More senior executives should attend the LRMS. It will help bring greater awareness of the legal and regulation issues that impact products and their development.”
“Once again, my ‘take away’ from this year’s Litigation & Risk Management Summit was that we were able to present, at a high level, the issues that are at the forefront of the minds of the SGMA members,” said Gary Wolensky (Partner; Hewitt Wolensky LLP).
“The speakers and the agenda were great!” said Andrea Gordon (President; Diamond Sports Company, Inc.). “I have pages and pages of great notes that I can take away from this year’s Litigation & Risk Management Summit.”
This year’s sponsors of the Litigation & Risk Management Summit included Applied Safety & Ergonomics; Biodynamic Research Corporation; Bureau Veritas Group; Engineering Systems, Inc.; Exponent, Inc.; and JP Research.
The 5th Annual Litigation & Risk Management Summit is scheduled for April 9-10, 2012 in Las Vegas, NV. If you would like additional information, please contact SGMA's Jan Ciambor at email@example.com or 301.495.6321.