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.