On May 26, 2011, the U.S. Consumer Product Safety Commission issued a recall that now includes pool and spa drain covers from 10 different manufacturers.
The recalled drain covers were incorrectly rated to handle the flow of water through the cover, which could pose a possible entrapment hazard to swimmers and bathers. So far there have been no reported incidents or injuries.
Aquatics International is on top of the story, and will continue to provide updates as the story develops. Check out their article: CPSC Issues Massive Drain Cover Recall or visit their Drain Cover Recall Roundup (yeehaw!)