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.
San Diego, CA -- (ReleaseWire) -- 04/03/2018 -- An investigation on behalf of current long-term investors in shares of Mattel, Inc. (NASDAQ:MAT) concerning potential breaches of fiduciary duties by certain directors and officers of Mattel, Inc. was announced.
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 made false and misleading statements and/or failed to disclose adverse information regarding Mattel's business and prospects, including that prior to and between October 20, 2016 and April 20, 2017, Mattel's retail customers were loaded with extremely high levels of unsold Mattel product and, as a consequence, Mattel was exposed to the heightened risk that it would have to issue its retailers financial concessions (in the form of sales adjustments, discounts and promotions) to remove such excess inventory, as well as the heightened risk that Mattel would experience slower sales growth in future periods.
Those who purchased shares of Mattel, Inc. (NASDAQ:MAT) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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