SAN DIEGO, Feb. 10, 2018 /PRNewswire/ -- Johnson
Fistel, LLP is investigating potential violations of the federal
and state securities laws by Mattel, Inc. (NASDAQ: MAT) ("Mattel")
and certain of its officers. Mattel designs, manufactures, and
markets a range of toy products worldwide.
Last year, a Securities Class Action Complaint was filed on
behalf of those who purchased securities of Mattel between
October 20, 2016 and April 20, 2017. The complaint alleges that during
the Class Period, defendants made false and misleading statements
and failed to disclose adverse information regarding Mattel's
business and prospects, including 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, as well
as the heightened risk that Mattel would experience slower sales
growth in future periods.
If you have held Mattel shares continuously before
October 20, 2016, you may have
standing to hold Mattel harmless from the damage the officers and
directors caused by making them personally responsible. You may
also be able to assist in reforming the Company's corporate
governance to prevent future wrongdoing.
If you are a Mattel shareholder continuously holding shares
before October 20, 2016,
and are interested in learning more about your legal rights and
remedies, please contact Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If you email, please
include your phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP