Mattel Multistate Agreement, 12/15/08

Today, Massachusetts Attorney General Martha Coakley, along with the Attorneys General of 38 other states, reached a settlement agreement with Mattel, Inc., and its subsidiary, Fisher-Price, Inc., resolving a 15-month investigation into the events that lead to a voluntary recall of the companies toys for excessive lead paint in 2007. The consent judgment, filed today in Suffolk Superior Court, requires Mattel to make a payment of $12 million by January 30, 2009, to be divided among the participating states. As the leader of the multi-state group investigation and settlement, Massachusetts will receive $625,000 as a result of the settlement; $500,000 will be dedicated to combating and preventing childhood lead poisoning and $125,000 will cover the costs of the investigation.

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