Mattel Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Mattel Inc |
Stock Symbol : | NASDAQ: MAT |
Class Period Start: | 10/26/2017 |
Class Period End: | 08/08/2019 |
Lead Plaintiff motion: | 02/24/2020 |
Date Filed: | 12/24/2019 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Central District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the February 24, 2020 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 26, 2017 and August 8, 2019, have until February 24, 2020 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 Mattel had inadequate systems of internal disclosure and financial controls; Mattel would need to amend its 2018 annual report on Form 10-K to restate the Company’s financial results for the third and fourth quarters of 2017; and as a result of the foregoing, defendants’ statements about its business and operations were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. On October 29, 2019, Mattel admitted to improper accounting and stated investors should no longer rely on previously issued financial statements for the three and nine months ended September 30, 2017 and for the three months ended December 31, 2017, which are included in the Company’s annual report for the year ended December 31, 2017. Furthermore, the Company revealed the abrupt departure of its Chief Financial Officer Joseph J. Euteneuer. If you were negatively impacted by your investment in Mattel Inc securities between October 26, 2017 and August 8, 2019 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. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |