Mattel, 39 States Strike $12M Deal In Lead Probe

Law360, New York (December 15, 2008, 12:00 AM EST) -- After a massive recall last year, Mattel Inc. has reached a $12 million settlement with a large coalition of U.S. states to head off litigation over unsafe lead levels in Chinese-made toys.

Mattel, the world’s largest toy maker, and its Fisher-Price subsidiary, entered a consent agreement with 39 states that calls for tougher limits on lead in its toys and provides $12 million to be divided among those states.

Under the agreement, most states will receive between $200,000 and $250,000, while the states that spearheaded the...
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