Tuesday, July 01, 2008

Sherwin Williams, NL Industries

And reason prevail as Rhode Island tosses out a ‘public nuisance’ lawsuit over lead paint, a product banned from home use for 30 years.

The core issue – that you can sue someone for a legal product last made 30 years ago due to health issues – is something that can eventually be applied to lots of things. No doubt in 30 years’ time, we’ll be finding that a lot of things we think of today carried unknown risks.

That’s especially true if our societal trend toward risk aversion continues to increase.

Akron has had it’s own fling with lead paint lawsuits, but the effort was put on hold a while back. Let’s hope that it gets quietly dropped.

Earlier thoughts here and here.