Mattel and Fisher Price agree to reimburse consumers who bought toys that were recalled

Mattel settles consumer lawsuit over lead toys

SAN DIEGO — Mattel Inc. and its Fisher-Price subsidiary have agreed to settle a consumer lawsuit for tens of millions of dollars over the 2007 recall of millions of toys made in China that were found to contain high levels of lead.

The proposed class action settlement will resolve 22 suits filed against Mattel and Fisher-Price and major retailers on behalf of millions of families who bought defective toys as gifts before they were taken off the market.

In the settlement, Mattel and Fisher-Price agree to provide refunds or other reimbursement to those who purchased the Chinese-made toys. The reimbursement varies by the circumstances of purchase and return of the toys.