On or around 05/01/2020 (Date of last review)
Filing Date: December 24, 2019
According to the Complaint, Mattel designs, manufactures, and markets a range of toy products worldwide. Its portfolio of brands and products include such household names as FisherPrice, Barbie, Hot Wheels, Matchbox, Masters of the Universe, American Girl and Thomas & Friends. The Company purports to be the owner of one of the strongest portfolios of toy brands in the world with vast intellectual property potential.
On October 26, 2017, Mattel filed its financial report for the third quarter of 2017 with the U.S. Securities and Exchange Commission. The Complaint alleges statements in the financial report were materially false and misleading and failed to disclose material adverse facts about the Company’s business, operations, and prospects. The Complaint 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.
On April 20, 2020, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel.
Company & Securities Information
Defendant: Mattel, Inc.
Sector: Consumer Cyclical
Industry: Recreational Products
Headquarters: United States
Ticker Symbol: MAT
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Houston Municipal Employees Pension System, et al. v. Mattel, Inc., et al.
COURT: C.D. California
DOCKET #: 19-CV-10860
JUDGE: Hon. Andre Birotte Jr.
DATE FILED: 12/24/2019
CLASS PERIOD START: 10/26/2017
CLASS PERIOD END: 08/09/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Block & Leviton LLP (Boston)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violation of the Federal Securities Laws
Order Appointing DeKalb County Employees Retirement System and New Orleans Employees’ Retirement System as Lead Plaintiff, and Approving Their Selection of Lead Counsel, and Consolidating Related Actions
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available