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: US Recall News

Mattel Being Sued For Failing to Report Toy Defects

By Everett Sizemore

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Mattel is being sued by shareholders for allegedly delaying contacting federal regulators about possible toy defects. According to shareholders, Mattel regularly delayed notifying the CPSC about possible dangers, which in turn breaches the company's fiduciary duties to the shareholders by ignoring consumer protection laws and putting the stock at risk. Investors are accusing Mattel's executives

Full post as published by US Recall News on November 20, 2007 (boomark / email).

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