Objectors Fail to Block Mattel Lead Paint Settlement
A federal judge has approved a class settlement resolving multidistrict litigation involving lead paint in Mattel toys. In approving the deal following a fairness hearing Monday, Judge Dale Fischer of the Central District of California rejected objectors' claims that the deal amounted to a "coupon" recovery contrary to the Class Action Fairness Act of 2005. The settlement involves millions of toys that were recalled or removed from the market in 2007 by Mattel or its subsidiary Fisher-Price due to excessive lead content.
