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In re Mattel Inc Securities Litigation
Nature of Suit:
Multi Party Litigation:
Sectors & Industries:
May 03, 2021
Mattel investors asked a California federal judge to grant them class status in their securities suit accusing the toymaker of understating its income tax expenses by $109 million for the 2017 tax year, saying courts routinely grant certification in securities cases involving the common questions they face.
April 21, 2020
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.