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.
March 18, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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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