May 19, 2022
A California federal judge has granted final approval to a $98 million settlement between investors and toymaker Mattel Inc. and PwC, but slashed the requested $24.5 million in attorney fees, saying it was too high.
May 02, 2022
U.S. District Judge Mark C. Scarsi said Monday he will grant final approval of $98 million in settlements resolving investors' claims that Mattel and PwC misled them by understating an income tax expense, but said he's still considering the class counsel's $24.5 million attorney fee bid.
January 19, 2022
A California federal judge preliminarily approved a $98 million settlement in a class action brought by investors against Mattel and PwC claiming the companies misled them by understating an income tax expense and conspiring to conceal the error.
November 24, 2021
A class of investors accusing Mattel and PwC of misleading them by making a $109 million income tax expense understatement and conspiring to conceal the error urged a California federal judge Wednesday to grant preliminary approval of a $98 million settlement deal.
October 07, 2021
A California federal judge certified a class of investors who have accused Mattel and PwC of misleading them by making a $109 million income tax expense understatement for 2017 and conspiring to conceal the error.
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.