From a CPSC news release:

The U.S. Consumer Product Safety Commission (CPSC) announced today that a manufacturer of athletic shoes and apparel has agreed to pay the government a $1,000,000 civil penalty (pdf). This penalty, which has been provisionally accepted, is the largest for a Federal Hazardous Substances Act (FHSA) violation and follows a recall announced by CPSC and Reebok of 300,000 bracelets.

The penalty settles allegations that Reebok International Ltd., of Canton, Mass., imported and distributed charm bracelets that contained toxic levels of lead. The charm bracelets were provided as free gifts with the purchase of various styles of children’s footwear. In March 2006, a 4-year-old boy from Minneapolis who swallowed the bracelet’s heart-shaped pendant died.

The FHSA bans toxic levels of accessible lead in toys and other children’s products. CPSC’s enforcement policy urges manufacturers of children’s metal jewelry to keep lead content below 0.06% by weight.

For more information see the full release.