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Auditing 101
Legal Costs: Nutrient Claim Lawsuit
Legal Fees:
Initial Consultation and Investigation: $5,000 – $30,000
Ongoing Legal Representation: $50,000 – $200,000
Settlements or Damages:
The eventual settlement or closure of the lawsuit will often depend on the number of units sold and where the product was distributed. Larger brands and products with wide distribution will face higher penalties due to the greater consumer reach and potential impact.
Estimated Cost: $50,000 – $500,000
Product Recalls and Label Changes:
If a recall is necessary, the cost will increase with the volume of product sold and distributed. Larger brands with more widespread sales channels will incur greater expenses in pulling products off shelves and making necessary label updates.
Estimated Cost: $50,000 – $1,000,000
Loss of Revenue:
The lost revenue is proportional to the size of the brand and the market. Larger brands that lose shelf space or consumer trust would see greater losses compared to smaller brands.
Estimated Cost: $50,000 – $1,000,000
Marketing and PR Costs:
Rebuilding consumer trust and addressing public relations concerns will cost more for widely distributed brands, especially those that must reach a larger audience to mitigate reputational damage.
Estimated Cost: $5,000 – $100,000
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