Mattel, Inc. Securities Litigation (2019)

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Lawsuit Overview

Defendant:Mattel, Inc.
Date Filed:March 6th, 2019
Sector:Consumer Non-Durables
Industry:Recreational Products/Toys

According to the Complaint, Mattel purports children's entertainment company that designs and sells toys and consumer products. Mattel's "Power Brands" include Barbie, Hot Wheels, Fisher-Price, and American Girl.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that demand for the Company's products, including Barbie and Hot Wheels, was declining; (2) that the Company had an excess of product supply; and (3) 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.

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First Identified Complaint

Carol Wyatt, et al. v. Mattel, Inc., et al.

Date Filed:March 6th, 2019
Class Period Start:February 7th, 2019
Class Period End:February 15th, 2019
First Identified Complaint Filings
#Document TitleFiling Date