Allmark says the recall was "fast-tracked," which allowed the company to quarantine two-thirds of the toys before they even made it to store shelves. In negotiating details of the recall, Fisher-Price and the government sought to withhold details from the public until Thursday to give stores time to get suspect toys off shelves and Fisher-Price time to get its recall hot line up and running. However, some news organizations prematurely posted an embargoed version of the story online.

Allmark said the recall was troubling because Fisher-Price has had a long-standing relationship with the Chinese vendor, which had applied decorative paint to the toys.

Allmark said the company would use this recall as an opportunity to put even better systems in place to monitor vendors whose conduct does not meet Mattel's standards.

He added: "We are still concluding the investigation, how it happened. ... But there will be a dramatic investigation on how this happened. We will learn from this."

The recall follows another high-profile move from toy maker RC2 Corp., which in June voluntarily recalled 1.5 million wooden railroad toys and set parts from its Thomas & Friends Wooden Railway product line.

The company said that the surface paint on certain toys and parts made in China between January 2005 and April 2006 contain lead, affecting 26 components and 23 retailers.