The popular toymaker responsible for the lovable Thomas the Train wooden toy line is settling the class action lawsuit over the lead paint recall fiasco last year at the bargain price of $30 Million plus a nice little $2.9 Million in legal fees.
RC2’s (RCRC) proposed settlement received preliminary approval in the Circuit Court of Cook County, Ill., Tuesday. It calls for reimbursements for hundreds of thousands of consumers and improved product safety, which RC2 says it has implemented.
Consumers would be reimbursed in cash for recalled toys or offered a replacement plus a bonus toy if they prefer. Customers who lack toys and proof of purchase can get $15 coupons.
Source: USA Today