Mattel Stock Manipulation
SETTLEMENT FUND: TBD
FILING DEADLINE: TBD
October 20, 2016 — April 20, 2017
Mattel Inc., Kevin M. Farr, Richard L. Dickson, Christopher A. Sinclair, Joseph B. Johnson
Purchasers of Mattel publicly traded securities between October 20, 2016 and April 20, 2017.
Mattel publicly traded securities.
The complaint alleges that defendants failed to disclose the following adverse facts: (i) prior to and during the class period, Mattel’s retail customers were loaded with extremely high levels of unsold product; (ii) as a result of Mattel’s high levels of unsold inventory at its retailers, the Company was exposed to the heightened risk that it would have to issue its retailers financial concessions in the form of sales adjustments and discounts, to remove the excess inventory; (iii) the representations in Mattel’s Q3 Form 10-Q about its risk factors and disclosure controls were materially false and misleading; and (iv) as a result, defendants lacked a reasonable basis for their positive statements about Mattel’s then current business and future financial projections.
Securities class action on behalf of purchasers of Mattel publicy traded securities between October 20, 2016 and April 20, 2017, pursuant to sections 10(b) & 20(a) of the Securities Exchange Act of 1934.
October 20, 2016
Co. announces Q3 2016 results.
Wed Jan 25, 2017 | 8:15pm EST (Reuters)
Mattel’s holiday quarter sales miss to hit current quarter
Mattel Inc (MAT.O), the largest U.S. toymaker, reported holiday-quarter sales and profit
that fell far short of analysts’ estimates, hurt by increased competition and weak demand in North America.
The company said the weak holiday performance would hurt current-quarter sales, and it
shares slumped about 9 percent at $28.67 in after-market trading
on Wednesday. Rival Hasbro Inc’s (HAS.O) stock fell 4.1 percent to $83.20.
Thurs April 20, 2017 (PRNewswire)
PRNewswire – El Segundo, Calif. – April 20,2017
“Mattel Reports First Quarter 2017 Financial Results And Declares Quarterly Dividend”
“Our Q1 results were below our expectations due to the retail inventory overhang coming out of the holiday period,…”
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BRIEF COMPANY PROFILE
Name: Mattel Inc.
Country: United States
Industry: Toys & Games
Sector: Consumer Cyclical