A lawsuit was filed on behalf of investors in Mattel, Inc. (NASDAQ: MAT) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 03/20/2019 -- An investor, who purchased shares of Mattel, Inc. (NASDAQ: MAT), filed a lawsuit against Mattel, Inc over alleged violations of Federal Securities Laws.
Investors who purchased shares of Mattel, Inc. (NASDAQ: MAT) have certain options and for certain investors are short and strict deadlines running. Deadline: May 6, 2019. NASDAQ: MAT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
El Segundo, CA based Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. On February 15, 2019, Mattel, Inc. provided disappointing outlook for 2019, citing slowing growth in sales of Barbie and Hot Wheels.
The plaintiff claims that between February 7, 2019 and February 15, 2019, the defendants failed to disclose to investors that demand for the Company's products, including Barbie and Hot Wheels, was declining, that the Company had an excess of product supply, and 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.
Those who purchased shares of Mattel, Inc. (NASDAQ: MAT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.