BOSTON, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors and whistleblowers nationwide, is investigating Mattel, Inc. (MAT) and certain of its officers and directors for potential violations of federal securities laws.
On August 8, 2019, Mattel announced that a whistleblower letter had been sent to the company’s outside auditors, alleging improprieties in certain accounting practices. As a result, Mattel abruptly terminate a Senior Note offering – which was scheduled to close that very same day. No details were given at the time, but the company said that it would investigate the whistleblower’s allegations. The abrupt termination of the offering spooked the markets, with Mattel’s common stock dropping $2.12 per share or almost 12%.
If you have purchased or otherwise acquired Mattel securities and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact attorney Mark Delaney at (617) 398-5600, by email at email@example.com, or by visiting https://shareholder.law/mattel.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
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