Toy Magnet Sellers Feel Repelled by Federal Rulemakers
Remember Buckyballs? Those are the small, spherical rare-earth magnets marketed as desktop toys by Brooklyn-based Maxfield & Oberton until the end of last year, when its owners closed the company amid a legal dispute with the U.S. Consumer Product Safety Commission. The government's beef: Swallowing high-powered magnets can do lots of damage to a kid's innards.
Closing the company didn't end the matter. The CPSC still sought a mandatory recall of Buckyballs, as well as products from two additional magnet-set makers, and moved to hold Maxfield & Oberton's former chief executive officer liable for the costs of a recall.