Mattel reaches settlement over recalls of lead-tainted toys in 2007
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Mattel Inc. says it has reached an agreement to settle ‘virtually all’ U.S. claims related to its 2007 toy recalls.
The world’s largest toy maker recalled millions of toys that year because they contained excessive levels of lead or had design problems, such as hazardous magnets. Mattel said the class-action settlement was subject to court approval.
‘Safety of our products remains Mattel’s top priority,’ the El Segundo-based company said in a short statement Tuesday.
According to a statement by plaintiff law firm Whatley Drake & Kallas, the settlement ‘provides tens of millions of dollars in monetary relief as well as significant injunctive relief.’
Consumers who participated in the recall will receive a check for 50% of the total vouchers they sent in or $10, whichever is greater, the law firm said. Those who did not participate in the recalls but who have a recalled toy or proof of purchase of a recalled toy will receive a check or a voucher in the amount of the price paid for the toy. Click here for additional details.
-- Andrea Chang
