A federal judge has approved a class settlement resolving multidistrict litigation involving lead paint in Mattel Inc. toys.
In approving the deal following a fairness hearing on Monday, U.S. District Court Judge Dale Fischer of the Central District of California rejected claims by objectors that it amounted to a “coupon” recovery contrary to the Class Action Fairness Act of 2005. Objectors also noted that attorney fees of nearly $13 million exceeded the value to the class.
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