Mega Brands To Issue Refunds For Recalled Toys

Law360, New York (September 28, 2011, 7:50 PM EDT) -- Mega Brands America Inc. announced Tuesday that it had agreed to refund consumers for recalled toys that contained allegedly harmful magnets, resolving a putative product liability class action in New Jersey federal court.

U.S. District Judge Susan D. Wigenton gave preliminary approval Aug. 17 to the proposed opt-out settlement, which provided relief for a nationwide class of consumers who have purchased, possessed or acquired Mega Brands' Magnetix and other recalled magnet toys since September 2003, according to the company.

Besides refunding customers for the allegedly defective...
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