Thieler Law Corp advises investors with losses exceeding $100,000 of the August 28, 2017 lead plaintiff deadline in a class action lawsuit filed against Mattel Inc (NASDAQ: MAT) (“Mattel” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Mattel Inc securities between October 20, 2016 and April 20, 2017, have until August 28, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Mattel Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that 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,  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 Mattel also faced a heightened risk that it would experience slower sales growth in future periods.

On April 20, 2017, the Company revealed first quarter 2017 financial results significantly below Wall Street consensus estimates. Mattel reported that, on a year-over-year basis, worldwide net sales and gross margins each declined by more than 15 percent.

On this news, NASDAQ: MAT fell almost 14% on April 21, 2017.

If you were negatively impacted by your investment in Mattel Inc securities between October 20, 2016 and April 20, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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