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MATTEL SETTLEMENT TO HIT $69M

October 15, 2009

SAN DIEGO - MATTEL Inc and its Fisher-Price subsidiary have agreed to settle a consumer lawsuit for what could total more than US$50 million (S$69.3 million) over the 2007 recall of millions of toys made in China that were found to contain high levels of lead. The proposed class action settlement, filed in Los Angeles on Tuesday, will resolve 22 suits filed against Mattel and Fisher-Price and ...



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