Mattel, the toy company that owns huge franchises like Hot Wheels and Barbie, is facing a new lawsuit brought by UCLA and its health system, claiming the company failed to make good on a pledge to donate $50 million to the university’s children’s hospital.
The company had pledged and completed large donations to the UCLA children’s hospital before. Mattel formed a partnership with the university in 1998 and, in exchange for the hospital bearing Mattel’s name per the terms of an agreement, donated $25 million to the hospital over a period of time, according to the complaint filed Nov. 19 in Los Angeles and obtained Wednesday by CBS News.
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