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MATTEL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Mattel, Inc. - MAT

NEW ORLEANS, La., Jan. 3, 2020 /PRNewswire/ -- 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), if they purchased the Company's shares between October 26, 2017 and August 8, 2019, inclusive (the "Class Period").  This action is pending in the United States District Court for the Central District of California.

Kahn Swick & Foti, LLC ("KSF") - - not all law firms are created equal. Visit www.ksfcounsel.com to learn more about KSF. (PRNewsfoto/Kahn Swick & Foti, LLC)

What You May Do

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 (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-mat/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by February 24, 2020.

About the Lawsuit

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.

The case is Houston Municipal Employees Pension System v. Mattel, Inc., et al., No. 2:19-cv-10860.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163

 

Cision

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SOURCE Kahn Swick & Foti, LLC