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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Mattel, Inc. (NASDAQ: MAT) from October 26, 2017 through August 8, 2019 (the “Class Period”). The lawsuit seeks to recover damages for Mattel, Inc. investors under the federal securities laws.
If you bought Mattel, Inc. securities between October 26, 2017 through August 8, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Mattel, Inc. – MAT
New York, N.Y., December 26, 2019. Zhang Investor Law announces thea class action lawsuit on behalf of shareholders who bought shares of Mattel, Inc.(NASDAQ: MAT) between October 26, 2017 and August 8, 2019, inclusive (the “Class Period”).
To join the MAT class action, go to http://zhanginvestorlaw.com/cases/mattel-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE A LEAD PLAINTIFF TO SECURE COMPENSATION.
According to the lawsuit, throughout the Class Period (1) Mattel had inadequate systems of internal disclosure and financial controls; (2) Mattel would need to amend its 2018 annual report on Form 10-K to restate the Company’s financial results for the third and fourth quarters of 2017; and (3) as a result of the foregoing, defendants’ statements about its business and operations were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 24, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/mattel-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.