Mattel Agrees to Record $2.3M Fine in Lead-Tainted Toy Recall
Agreeing today to pay $2.3 million in penalties without admitting to any law violation, Mattel Corp. and its Fisher-Price division concluded a Consumer Product Safety Act case in which the companies had been accused of knowingly importing lead-tainted toys from China.
The fine was the largest ever imposed by the agency concerning regulated product violations, and the third-highest in the Consumer Product Safety Commission’s history, reports CNNMoney.com.
Mattel, which recalled millions of toys in 2007, acted swiftly “after discovering compliance issues with some of our toys at that time,” the company says in a written statement.
Mattel has taken “several steps to enhance our product compliance protocols and procedures to confirm that every Mattel toy is safe for children to enjoy,” the statement says, and the company “continues to be vigilant and rigorous in ensuring the quality and safety of our toys.”
Earlier coverage:
ABAJournal.com: “Free Advice to Mattel: Use ‘Iron Triangle’ “
ABAJournal.com: “Suits Expected to Mount Against Mattel “
ABAJournal.com: “Toy Litigation Legacy: Monitoring Rules?”
