NEW YORK, May 01, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of Weight Watchers International, Inc. and Mattel, Inc. Stockholders have until the deadlines listed below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
Weight Watchers International, Inc. (WTW)
Class Period: May 4, 2018 - February 26, 2019
Lead Plaintiff Deadline: May 3, 2019
The complaint alleges that throughout the class period defendants made false and misleading statements and/or failed to disclose adverse information regarding Weight Watchers’ business, operations and prospects. Specifically, the complaint alleges that defendants failed to disclose that Weight Watchers was experiencing diminished subscriber demand attributable to the onslaught of new competing smartphone fitness apps, meal-delivery services, and other tech advances that were driving down Weight Watchers’ new subscriber growth and its subscriber retention rates; that diminished subscriber growth, when coupled with a much larger number of fourth quarter subscription lapses than Weight Watchers typically experienced, made it highly unlikely that the company would retain four million subscribers by the end of 2018; that Weight Watchers was not on track to grow its subscriber count to five million or to drive annual revenues to more than $2 billion by the end of 2020; and that a decreased subscriber count would result in decreased revenues and profits.
To learn more about the Weight Watchers class action go to: http://bespc.com/wtw/.
Mattel, Inc. (MAT)
Class Period: February 7, 2019 - February 15, 2019
Lead Plaintiff Deadline: May 6, 2019
The complaint alleges that throughout the class period defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically the complaint alleges that defendants failed to disclose to investors that: (1) demand for the company’s products, including Barbie and Hot Wheels, was declining; (2) the company had an excess of product supply; and (3) 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.
To learn more about the Mattel class action go to: http://bespc.com/mat/.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.