Graco to pay $3M fine for delayed reporting of complaints about difficulty opening buckles

Markets Associated Press

Graco has agreed to pay a $3 million fine for delayed reporting of consumer complaints about difficulty opening car seat buckles.

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As part of the agreement with the National Highway Traffic Safety Administration, Graco will invest $7 million in child passenger safety programs and education.

Graco Children's Products Inc. is a subsidiary of Atlanta-based Newell Rubbermaid Inc.