February 14, 2008 |
Mattel Inc. and Jakks Pacific Inc. on Wednesday announced new deals to make wrestling action figures, the latest chapter in a story that has all the acrimony and shifting alliances of professional wrestling. Mattel has teamed with World Wrestling Entertainment Inc. to make toys based on its popular wrestlers, and Jakks is matching up with WWE rival TNA Entertainment. Both deals -- which take effect in 2010 -- are for five years.
November 22, 2007 |
In a risque video on YouTube, Ken and Barbie dolls are joining calls by high-profile Democrats for the resignation of Nancy Nord, acting chairwoman of the Consumer Product Safety Commission. In the video, shot and posted by the Campaign for America's Future, a liberal advocacy group, Ken and Barbie meet at a bar after breaking up and go to Barbie's house. A week later Barbie complains to Ken that she is "having some symptoms." When Ken asks what's wrong, she answers, "It's lead poisoning."
November 7, 2007 |
Mattel Inc. asked consumers to stop using 196,000 kitchen toys made in Mexico because small pieces may pose a choking hazard to children. The Fisher-Price Laugh & Learn 2-in-1 Learning Kitchen toys were sold worldwide from May to October for about $70 each, the U.S. Consumer Product Safety Commission said. There have been 48 reports of parts separating from the toys, with children gagging or choking on them.
October 11, 2007 |
Attorneys for a Michigan pension fund alleged in a shareholder lawsuit that Mattel Inc. had misled investors by delaying the reporting of defects in its toys to federal regulators, The lawsuit also accuses three current members and one former member of Mattel's board of engaging in illegal insider trading by dumping more than $33 million in stock before the company's massive toy recalls in the summer.
September 25, 2007 |
beijing -- China's state media on Monday welcomed U.S. toy maker Mattel's apology over its recalls of Chinese-made toys, saying that although overdue it should help restore the country's sullied export reputation. Mattel apologized in Beijing on Friday for recalling 21 million toys this summer, the majority of which had small magnets that could fall out and be harmful to children if swallowed. The company acknowledged the problem was a design flaw and not the fault of Chinese manufacturers.
September 21, 2007 |
The European Union's consumer chief has asked Mattel Inc. for details of quality control measures introduced since the company's recall of millions of Chinese-made toys, and she warned the company that it faced a major task in rebuilding trust in the industry. Meglena Kuneva told Mattel that she would push for new EU rules if not enough was done to stop dangerous toys from coming to market.
September 13, 2007 |
Testifying to a Congressional panel, Mattel Inc. Chief Executive Robert Eckert said Wednesday that the toy company had upgraded its methods to keep toys safe from excess lead and pointed to overseas contractors as the source of problems that triggered recent recalls affecting more than 20 million toys. "We were let down, and we let you down," Eckert told the Senate Appropriations Subcommittee on Financial Services and General Government.
August 21, 2007 |
A lawyer filed a suit against Mattel Inc. because of recent recalls of toys made in China that might have contained excessive amounts of lead paint, and he is seeking class-action status. Jeffrey Killino said the suit filed in Los Angeles was aimed at forcing the El Segundo-based toy maker to pay for the testing of children who might have gotten lead poisoning from the toys. Mattel declined to comment on the case.
August 15, 2007 |
First it was tens of millions of containers of pet food recalled because of tainted ingredients from China; then it was 1.5 million of the popular Thomas & Friends wood trains, made in China, recalled for lead paint. Two weeks ago, El Segundo-based Mattel Inc., one of the most trusted names in playthings, jolted consumers with warnings that 1.5 million of its Chinese-made Fisher-Price toys also could contain lead paint.