Firm finally draws a line under the lead paint recalls which began in 2007.
John Stoia of Coughlin Stoia law firm has announced an action settlement involving the recalls.
Through the settlement, Mattel and Fisher-Price have agreed to provide refunds and other monetary relief to millions of families who purchased children’s toys made in China.
The toys were recalled or withdrawn from the market in 2006 and 2007, after they were found to exceed legal limits of lead in the paint or plastic of the toy or small magnets that could become loose and harm children if ingested.
The proposed consumer class action settlement will resolve twenty-two class action lawsuits filed against the firm and major retailers on behalf of American children and families who purchased or received the defective toys as gifts before they were recalled or withdrawn from the market.
If approved by the Court, the settlement will require Mattel and Fisher-Price to provide refunds to consumers who purchased or acquired the toys and reimburse families who incurred costs for testing their children for lead exposure.
Consumers who participated in the recalls of the affected toys will automatically receive a cheque. Mattel will also implement a quality assurance program, overseen by the court, which will ensure the safety of its toys, and it will donate $275,000 to the National Association of Children’s Hospitals and Related Institutions.
Stoia commented: “Families deserve to trust that toys labeled as safe won’t harm their kids. Thanks to this important victory for consumers as a result of this landmark settlement involving toys made by the largest toy company in the world, families can shop with a greater sense of security when purchasing toys."