Magnet Co. Gets $5.5M Fine For Toys With Recalled Parts

Law360, New York (December 1, 2016, 6:19 PM EST) -- A Colorado federal judge has slapped Zen Magnets LLC with a $5.5 million fine for illegally selling magnets that had already been recalled by another company, the Justice Department announced Thursday.

Most of that fine, however, was suspended because of the Colorado-based company’s inability to pay the penalty.

U.S. District Court Judge Christine M. Arguello in March permanently barred Zen from selling novelty toys with small, high-powered magnets that another company had stopped selling and that the U.S. Consumer Product Safety Commission has for years targeted as...
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