On August 1, 2007, Mattel initiated a series of recalls after acknowledging several safety concerns for toys manufactured in China. Over ten million toys were recalled for excessive lead content and dangerous design flaws deemed hazardous to children.
On December 15, 2008, the attorneys general of 40 American states settled with Mattel and Fisher-Price, Inc. Mattel must pay $12 million by January 30, 2009, to be divided by the participating states.Wichita Business Journal: Kansas, 39 other states settle with Mattel (December 15, 2008)
Toys Recalled
- Polly Pocket
- Batman
- Barbie
- Elmo
- Big Bird
- Dora the Explorer
- Hot Wheels
Mattel Facts
- Stock symbol: MAT
- Annual revenue (2007): 5+ million
- Founder(s): Harold Matson and Elliot Handler
- Year Established: 1945
- Industry: Toys and Games
- Phone:1-310-2522000
- Fax:1-310-2522179 (Fax)
- HQ:333 Continental Blvd. El Segundo, CA 90245-5012
- President:Robert A. Eckert
- CEO:Robert A. Eckert
- CFO:Kevin M. Farr
- Staff: 31,000
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References
Fast Facts
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Mattel's Recall Hot Line
1-800-916-4498
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Fact:
Dislodging magnets posed choking risk
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Fact:
Certain toys contained dangers amounts of lead paint
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Fact:
Mattel outsources to 3 Chinese vendors
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Fact:
