Mattel to pay millions over lead tainted toys

Law.com reports that Toy maker Mattel Inc. will pay $12 million to 39 states to settle an investigation over Chinese-made lead-tainted toys shipped to the U.S. in 2007. As part of the agreement, Mattel also agreed to lower the acceptable level of lead in toys shipped to the states to 90 parts per million which will be the federal standard starting next year. See the full story here.