When a manufacturer becomes aware of a defect that might cause harm, they will recall the product to limit their liability. Despite what the word sounds like, a recall doesn’t mean the manufacturer takes the product from you without compensation.
When a manufacturer issues a recall, they either repair the product, replace it, or compensate you for the loss of the product if neither repair nor replacement is possible.
You should never ignore a recall notice. If you do, you are accepting liability for the defect in the product. If you continue to use the product, you are no longer using it as directed.
This means you can’t file a product liability case if injured by the defect. However, if the defect injured you before the recall was issued, a recall does not retroactively remove the manufacturer's liability.