January 31, 2020 - The case was voluntarily dismissed.

January 21, 2020 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

August 22, 2019 - A motion to dismiss the amended complaint was filed.

July 8, 2019 - An amended complaint was filed.

March 6, 2019 - An investor in shares of Mattel, Inc. (NASDAQ: MAT) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by Mattel, Inc. in connection with certain allegedly false and misleading statements made between February 7, 2019 and February 15, 2019.

El Segundo, CA based Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. Mattel, Inc. reported that its annual Total Revenue declined from over $4.88 billion in 2017 to over $4.51 billion in 2018 and that its Net Loss declined from over $1.05 billion in 2017 to $531 million in 2018.

On February 15, 2019, Mattel, Inc. provided disappointing outlook for 2019, citing slowing growth in sales of Barbie and Hot Wheels. Shares of Mattel, Inc. (NASDAQ: MAT) declined from $17.23 per share on February 13, 2019 to as low as $12.45 per share on February 19, 2019.

On March 6, 2019, NASDAQ: MAT shares closed at $14.56 per share.

According to the complaint the plaintiff alleges on behalf of purchasers of Mattel, Inc. (NASDAQ: MAT) common shares between February 7, 2019 and February 15, 2019, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between February 7, 2019 and February 15, 2019, the defendants failed to disclose to investors that demand for the Company’s products, including Barbie and Hot Wheels, was declining, that the Company had an excess of product supply, and that, 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.