Lawsuit for Investors in shares of Mattel, Inc. (NASDAQ: MAT) announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / March 10, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Mattel, Inc. (NASDAQ:MAT) shares.

Investors, who purchased shares of Mattel, Inc. (NASDAQ:MAT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The plaintiff alleged that Mattel, Inc. misled investors regarding its financial accounting in the last two quarters of 2017, as well as the efficacy of its internal controls. The plaintiff claims that certain statements in the financial report for the third quarter of 2017were materially false and misleading and failed to disclose material adverse facts about the Company's business, operations, and prospects. The plaintiff further alleges that the Defendants misled investors by reporting a net loss of $603.3 million for the third quarter which was understated by $109 million due to inappropriately calculating its tax valuation allowance.

Those who purchased Mattel, Inc. (NASDAQ: MAT) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 579901