MATTEL SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class...
August 11 2017 - 10:50PM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20170811005625/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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