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Mattel?s 2007 Toy Recall Lead to $2.3 Million Fine

By bpj1966

Regular readers of Ethisphere ? or news in general, for that matter ? will likely recall the 2007 hubbub over a recall of toys that contained dangerous levels of lead. At the center of the controversy were Mattel and its Fisher-Price subsidiary. In June of this year, the company agreed to pay a $2.3 million settlement with the U.S. Consumer Product Safety Commission (CPSC).

The fine is the highest ever imposed by the CPSC for allegations of importing or distributing a regulated product. It is also the third highest fine in CPSC history, according to the Los Angeles Times.

The settlement ?resolves Mattel’s outstanding issues with the agency related to certain matters that arose in 2007,? the company said in a statement. ?Mattel promptly took a series of steps after discovering compliance issues with some of our toys at that time. We were able to effectively minimize any potential concerns by launching a fast-track recall of the affected product in conjunction with the CPSC and other global regulatory agencies.?

Full post as published by Ethisphere Blog - Good. Smart. Business. Profit. on July 27, 2009 (boomark / email).