An investigation on behalf of current long term investors in Mattel, Inc. (NASDAQ: MAT) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: MAT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/12/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Mattel, Inc..
Investors who are current long term investors in Mattel, Inc. (NASDAQ: MAT) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: MAT stocks follows a lawsuit filed against Mattel, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: MAT stocks, concerns whether certain Mattel directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the defendants failed to disclose to investors that demand for the Company's products, including Barbie and Hot Wheels, was declining, that the Company had an excess of product supply, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Mattel, Inc. (NASDAQ: MAT) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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