Toy Company That Sold Asbestos-Contaminated Toy Fingerprint Kits Files for Bankruptcy Protection
In March 2009, Planet Toys Inc, the company that sold toy fingerprint kits that contained asbestos-contaminated powders, has filed for bankruptcy protection.
The toy fingerprint kit was licensed as part of a series of interactive toys sold under license for the CBS television network’s CSI: Crime Scene Investigation dramas. In late 2007, the nonprofit group Asbestos Disease Awareness Organization (ADAO) released the results of a study that found the dusting powders packaged with the toy contained asbestos. The kit, which was sold by nationally by toy stores and internet retailers, was recalled during the 2007 holiday season.
Since that time, the company has been sued for damages relating to the contaminated toy, including a lawsuit filed by the ADAO against the company and the CBS network. In addition, a group of consumers are currently seeking class action status for their lawsuit.
Planet Toys’ bankruptcy filing lists assets in the range of $1 million to $10 million and liabilities in the range of $10 million to $50 million.
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