Lead-tainted toys have Mattel and its Fisher-Price subsidiary digging into their pockets to resolve 22 consolidated lawsuits. Marking the latest fallout from the 2007 recall of 1.5 million toys, the companies on Tuesday announced that they have agreed to pay potentially more than $50 million to settle a consumer class action over the tainted toys. Of that amount, $13 million will be divvied up among 20 plaintiffs firms.
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The original version of this story was published on Law.Com
Lead-tainted toys have Mattel Inc. and its Fisher-Price subsidiary digging back into their pockets to resolve yet more expensive lawsuits.
Marking the latest fallout from the 2007 recall of 1.5 million toys, the companies on Tuesday announced that they have agreed to pay potentially more than $50 million to settle a consumer class action over the tainted toys — of which $13 million will be divvied up among 20 plaintiffs firms.
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