NEW YORK, Feb. 19, 2020 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Mattel, Inc. (“Mattel” or the Company”) (NASDAQ: MAT) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Mattel securities between October 26, 2017 and August 8, 2019, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/mat.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Mattel had inadequate systems of internal disclosure and financial controls; (2) Mattel would need to amend its 2018 annual report on Form 10-K to restate the Company’s financial results for the third and fourth quarters of 2017; and (3) as a result of the foregoing, defendants’ statements about its business and operations were materially false and misleading at all relevant times.
If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/mat or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Mattel you have until February 24, 2020 to request that the Court appoint you as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
