LOS ANGELES, CA / ACCESSWIRE / August 11, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Mattel, Inc. (''Mattel'' or the ''Company'') (NASDAQ: MAT) for possible violations of federal securities laws from October 20, 2016 through April 20, 2017, inclusive (the ''Class Period''). Investors who purchased or otherwise acquired Mattel shares during the Class Period should contact the firm prior to the August 28, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at [email protected].
No class has been certified in the above action yet, and until a class is certified, you are not considered to be represented by an attorney. You may choose to do nothing and be an absent class member as well.
According to the Complaint, during the Class Period, Mattel made false and/or misleading statements, and/or failed to disclose adverse information, specifically that the Company's retail customers had high levels of unsold Mattel products, exposing it to the heightened risk that it would have to issue its retailers financial concessions to eliminate the excess inventory, and that it would experience slower sales growth in future periods. Following this news, Mattel's stock price dropped materially, which harmed investors according to the Complaint.
Lundin Law PC was created by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.
This press release may constitute Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.
Lundin Law PC
Brian Lundin, Esq.
SOURCE: Lundin Law PC