Yes, back about a Year or two after they were introduced ('13 or '14?), there were a few documented Shield40 Kabooms (most were Hear-Say 'Friend of a Friend who knew a guy on another Forum') with (original) pics and correspondence.
It basically boiled down to Ammo. One thread that I followed was either here, or on 'MP-Pistol Forum', where the owner Contacted both S&W CS and Buffalo Bore (the ammo used). After sending the Shield40 to CS with a few remaining rounds of BB and sending some rounds to Buffalo Bore, it was shown to indeed be the (then) 'hot' loads of the Buffalo Bore .40 ammo. I don't remember if the rounds were marked +P+ or not.
Buffalo Bore ended up sending the owner a check covering the replacement of the Shield40.
The moral of this story was: If such a mishap occurs, save the remainder of the ammo used, to be used as evidence to the cause of the incident, contact both manufacturers (firearm & ammo) and document, Document DOCUMENT all correspondence.
If I can find the original thread, I will post a link to it. If you want to search for it yourself, search Shield (possibly Kaboom) and my handle (RobzGunz) both here and on 'MP-Pistol Forum' (mp-pistol dot com).