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Jul 17, 2017 8:50 AM ET

MATTEL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Mattel, Inc. – (MAT)

Legal Newswire iCrowdNewswire - Jul 17, 2017

NEW ORLEANS — 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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