Bernstein Litowitz To Lead Investor Suits Against Mattel, PwC

Law360 (April 21, 2020, 11:00 PM EDT) -- A California federal judge on Monday consolidated a pair of proposed class actions accusing Mattel and PwC of misleading investors by understating Mattel's income tax expenses by $109 million for the 2017 tax year, giving Bernstein Litowitz Berger & Grossmann LLP the green light to lead the litigation.

Investors lodged the suits against Mattel Inc. and its independent accounting firm PwC in December and in January in California federal court. Per the complaints, Mattel and PwC manipulated the company's accounting to conceal a massive tax error reported for the third quarter of 2017. When it all came to light, Mattel stock...

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