$30mn settlement in US class action

A court in the US has granted preliminary approval to a nationwide class action settlement, resolving the claims of hundreds of thousands of people who bought Thomas & Friends toys allegedly contaminated with lead paint. The settlement is valued at over $30mn. Under the settlement agreement, eligible class members can receive full cash refunds or replacement toys with an additional “bonus” toy. The settlement also provides for $100,000 to go to an appropriate not-for-profit organization.