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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 24, 2020 to file lead plaintiff applications in a securities class action lawsuit against Mattel, Inc. (NasdaqGS: MAT)
Mattel and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 8, 2019, the Company disclosed an internal investigation resulting from a whistleblower letter that had been sent to its outside auditors alleging accounting errors in previous quarters and questioning the auditors’ independence.
On this news, the price of Mattel’s shares plummeted.
If you purchased shares of Mattel and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Houston Municipal Employees Pension System v. Mattel, Inc., et al., No. 2:19-cv-10860.