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Showing results for In re: RC2 Corp. Toy Lead Paint Products Liability Litigation
...Mr Blasgen cites the case of Mattel, the US toymaker that was forced to recall nearly 1m toys in 2007, after it emerged that a Chinese contract manufacturer had covered them with lead-based paint....
...The CPSC is in the process of re-evaluating the range of cadmium levels in products deemed safe....
...As in the re-insurance market, the long chain of CDS contracts may create unknown concentration risks....
...Recent examples of recalls that spring to mind include toys coated with lead paint and toothpaste contaminated with the antifreeze diethylene glycol. 3....
...Last year leading US toy manufacturers including Mattel and RC2 recalled millions of toys over unacceptably high lead levels in paint – while more than 4m children’s crafts sets (known as Bindeez in Australia...
...They don’t put lead in paint because they are wicked, it’s just what works for them....
...In addition to spurring home entertainment sales, the company has high hopes for products developed with RC2, the American toy manufacturer that is replacing Hasbro as Hit's merchandise partner....
...The toy market is highly seasonal, with some products generating more than 70 per cent of revenue in Christmas sales. Remember the success rate for new toys is estimated to be well below 5 per cent....
...The choice of wisdom in these cases, is never incur the administrative costs of starting down the litigation highway, when the ultimate destination is unclear....
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