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Mattel at the time was the world's biggest toy company, [citation needed] and several weeks earlier had recalled toys based on Big Bird and Elmo from Sesame Street and Nickelodeon's Dora the Explorer, due to lead paint it blamed on Lee Der. [18] Before hanging himself, he paid off all his 5,000 staff. [citation needed]
Mattel (MAT) agreed to pay a $2.3 million fine to the Consumer Product Safety Commission for selling toys with excessive levels of lead paint. The toys were made in China and Mattel's recall of 21 ...
The U.S. Public Interest Research Group (PIRG) is releasing its report on the most dangerous recalled toys of the year. The scariest part? These toys may still be available to purchase.
Mattel identified Lee Der Industrial company as the main supplier of the lead paint-tainted toys. [4] China immediately suspended the company's export license which had a devastating effect on the company's business. [4] According to press reports, Lee Der Industrial stood to lose as much as $30 million due to the Fisher-Price toy recall ...
Worldwide: June: The Thomas and Friends Wooden Railway toys were recalled due to risks of lead poisoning from the paint used on the train cars and locomotives included in the toys. [24] An additional recall was also conducted in September 2007. [25]
More than 23,000 sets of toy vehicles are being recalled because they can pose a choking hazard to young children.
On August 2, 2007, Fisher-Price recalled close to a million toys, including the Dora the Explorer and Sesame Street toys, because of possible hazards due to the toys being coated in lead-based paint. [14] [15]
Toymakers are upset over a federal law that takes effect Feb. 10 requiring strict testing for lead and other hazards in toys or anything aimed at children, according to BusinessWeek. They're ...