Mattel Suffers Recall Woes To Tune Of $30M

Law360, New York (August 2, 2007, 12:00 AM EDT) -- Mattel Inc. has become the latest company to issue a massive recall after learning some products it imported from China contain dangerous amounts of lead, a development that will cost the company about $30 million.

On Thursday, the company's unit, Fisher-Price Inc., recalled more than 965,000 units of licensed character toys from popular children's shows including Dora the Explorer and Sesame Street.

"We apologize to everyone affected by this recall, especially those who bought the toys in question," said Robert A. Eckert, chairman and chief executive...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.