Cases
Mattel, Inc. (NASDAQ: MAT)
Securities Class Action
Overview
Overview
- Date:
- 8/8/2017
- Company Name:
- Mattel, Inc.
- Stock Symbol:
- MAT
- Class Period:
- FROM 10/20/2016 TO 4/20/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Central California
NEW YORK, August 8, 2017 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired Mattel, Inc. (NASDAQ: MAT) securities between October 20, 2016 and April 20, 2017 (the “Class Period”). Investors have until August 28, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint alleges that, throughout the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) prior to and during the Class Period, Mattel's retail customers were loaded with extremely high levels of unsold Mattel product and, as a consequence, (2) Mattel was exposed to the heightened risk that it would have to issue its retailers financial concessions (in the form of sales adjustments, discounts, and promotions) to remove such excess inventory, and (3) Mattel also faced a heightened risk that it would experience slower sales growth in future periods.
If you purchased or otherwise acquired Mattel securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The complaint alleges that, throughout the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) prior to and during the Class Period, Mattel's retail customers were loaded with extremely high levels of unsold Mattel product and, as a consequence, (2) Mattel was exposed to the heightened risk that it would have to issue its retailers financial concessions (in the form of sales adjustments, discounts, and promotions) to remove such excess inventory, and (3) Mattel also faced a heightened risk that it would experience slower sales growth in future periods.
If you purchased or otherwise acquired Mattel securities during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.