Settlement reached in Mattel and Fisher-Price case - WLBT.com - Jackson, MS

Jackson, MS 12/15/08

Settlement reached in Mattel and Fisher-Price case

JACKSON, MS (WLBT) - Mississippi Attorney General Jim Hood and 37 other states have reached a settlement agreement with Mattel and Fisher-Price.

It follows a 16-month investigation into a voluntary recall of the company's toys for excessive lead paint in 2007. The agreement was filed in Hinds County Chancery Court Monday and requires Mattel to pay $12 million by January 30, 2009.

Mississippi will get almost $214,000 for investigative costs and for consumer education on the issue. The U.S. Consumer Product Safety Commission recalled about two million Mattel and Fisher-Price toys manufactured in China that contained excessive lead on surface coatings.

Some of the products recalled include Dora & Diego, Barbie and SpongeBob toys.

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