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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

Published: 2020-01-04 03:50:00 ET

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 untilFebruary 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.

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, LLCLewis Kahn, Managing Partnerlewis.kahn@ksfcounsel.com 1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163

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SOURCE Kahn Swick & Foti, LLC

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.