NEW ORLEANS, July 28, 2017 /PRNewswire/ -- ClaimsFiler, a
FREE shareholder information service, reminds investors that they
have until August 28, 2017 to
file lead plaintiff applications in a securities class action
lawsuit against Mattel, Inc. (Nasdaq: MAT), if they purchased the
Company's securities between October 20,
2016 and April 20, 2017,
inclusive (the "Class Period"). This action is pending in the
United States District Court for the Central District of
California.
Get Help
Mattel investors should visit us at
https://www.claimsfiler.com/cases/view-mattel-inc-securities-litigation-1
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Mattel and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On October 19, 2016, Mattel
announced positive results for Q3 2016. However, the Company failed
to disclose that it had issued an excessive level of inventory to
its retailers which, although temporarily inflating revenue,
required the Company to later make significant sales adjustments
and discounts to clear the excess product and ultimately resulted
in a material negative impact on performance. As a result, on
April 20, 2017, Mattel revealed
dismal financial results for Q1 2017, well below Wall Street
consensus estimates.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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