When will Mattel settle more than $50 million lawsuit over tainted toys?”
LOS ANGELES — Mattel, Inc. and its Fisher-Price subsidiary have agreed to settle a lawsuit over tainted toys that could total more than $50 million dollars. The lawsuit involved the 2007 recall of millions of toys made in China that contained high levels of lead. The class action settlement would resolve nearly two dozen lawsuits filed against Mattel, Fisher-Price and retailers on behalf of millions of families who purchased or received the tainted toys that were later recalled or taken off store shelves. Mattel and Fisher-Price have agreed to provide refunds or other reimbursement to those who purchased the Chinese-made toys, said John J. Stoia Jr. of plaintiff law firm Coughlin Stoia Geller Rudman & Robbins LLP. Mattel will provide toy buyers who are part of the class-action lawsuit either 50 percent of the total amount of vouchers Mattel has sent out following the recalls or $10, whichever is greater. Consumers who didn’t participate in the recalls but have a recalled toy or proof
Mattel Settles Toxic Toys Lawsuits for an Estimated $50 Million The makers of Fisher-Price toys have agreed to pay about $50 million to settle nearly two dozen lawsuits filed by consumers over millions of Chinese-made toys that were found to contain high levels of lead. In a proposed settlement filed in a Los Angeles court this week, Mattel Inc. agreed to resolve 22 lawsuits filed against the company and some major retailers who sold the toys, according to an Associated Press report. The settlement must still be approved by a court to take effect. The $50 million price tag is an estimated value of vouchers and cash payments the company proposes making to consumers. The lawsuits involved some of the company’s most popular brands of toys, including Sesame Street toys, Dora the Explorer and Diego toys made by Fisher-Price, and certain Mattel toys, such as Batman, Polly Pocket, Barbie accessories, and Sarge cars, according to the AP. Exposure to lead, particularly in young developing child
