Legal News

Judge approves Mattel lead paint settlement

By Richard Binder

U.S. District Court Judge Dale Fischer of the Central District of California approved a class settlement yesterday that resolves multidistrict litigation involving lead paint in Mattel Inc. toys.

The settlement involves millions of toys that were recalled or removed from the market in 2007 by Mattel or its subsidiary Fisher-Price Inc. due to excessive lead content. The settlement also involves toys recalled due to small magnets that could come loose. No personal injury claims against Mattel are covered in the deal.

Class members who return toys now would be entitled to a check or voucher equal to the price of the recalled product. Class members without a proof of purchase could receive vouchers for as many as three toys per household, as long as the total settlement amount for those members does not exceed $10 million. Class members who paid for lead testing of their children within six weeks of the recall announcement can seek reimbursement, as long as the total amount for the class does not exceed $600,000.

Full story at NLJ.com.

Full post as published by Legal Pad | LA on March 17, 2010 (boomark / email).