1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Marketwired
Marketwired
Articles 

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)

July 14, 2017 | About:

NEW ORLEANS, July 14, 2017 (GLOBE NEWSWIRE) -- 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 Companyâs securities between October 20, 2016 and April 20, 2017, inclusive (the âClass Periodâ). 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.

ti?nf=Njg3NDY3NCMxNzM2MzMzIzIwMjQ4Nzc=

Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


GuruFocus has detected 5 Warning Signs with Mattel Inc $MAT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Marketwired


User Generated Screeners


PortfolioPlusStrong B/S Screen
ConnorMCommodity
ConnorMLosingExUS
ConnorMLosing
HOLKLSUMini Group IT Healthcare Mater
Luddyshooting stars
PeterZmiiHK
filmwatcherStable Dividend Growers
monomythJ Crew competition
WellrossFuture F Portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK