Mattel is announcing today the recall of 9.58 million more toys due to safety issues, following the recall two weeks ago of 1.5 mm. On Monday an executive for a Chinese manufacturing company working with Mattel committed suicide.
Mattel stock seems to be holding up reasonably well. It is down -2.4% today, and has been a weak performer with the Consumer Discretionary sector over the past month, but has actually outperformed the market over the past five days. So initial impact seems contained - it will be interesting to see what happens on their next earnings release.
(Note - These are just my observations on the market's reactions to recent news... I don't own MAT, haven't analyzed it, and have no opinion on its investment merits...!)