A lawsuit was filed on behalf of investors in Mattel, Inc. (NASDAQ:MAT) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 08/17/2017 -- The Shareholders Foundation announces that an investor, who purchased shares of Mattel, Inc. (NASDAQ:MAT), filed a lawsuit over alleged Securities Laws violations by Mattel, Inc.
Investors who purchased shares of Mattel, Inc. (NASDAQ:MAT) have certain options and for certain investors are short and strict deadlines running. Deadline: August 28, 2017. NASDAQ:MAT investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Mattel, Inc. (NASDAQ:MAT) common shares between October 20, 2016 and April 20, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 20, 2016 and April 20, 2017, 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.
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