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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Mattel, Inc. Investors (MAT)

February 19, 2019

BENSALEM, Pa.--(BUSINESS WIRE)--Feb 19, 2019--Law Offices of Howard G. Smith announces an investigation on behalf of Mattel, Inc. investors (“Mattel” or the “Company”) (NASDAQ: MAT ) concerning the Company and its officers’ possible violations of federal securities laws.

On February 15, 2019, Mattel announced it would downgrade its 2019 forecast, reporting slowing demand for its Barbie doll. Reuters published an article on the company’s adjusted forecast stating that it came “barely a week after the company said strong holiday sales of Barbie drove a surprise fourth quarter profit.” The Wall Street Journal also published an article on Mattel’s adjusted outlook, noting “Mattel’s decision to announce an adjusted outlook just a week after earnings is bizarre,” and further stating “[M]attel isn’t as healthy as it made out. Management should have been candid about that when it reported earnings instead of letting investors get unjustly excited.” On this news, Mattel’s share price fell by more than 18%, closing at $13.82 on February 15, 2019, thereby injuring investors.

If you purchased Mattel securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to  howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190219006058/en/

CONTACT: Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

howardsmith@howardsmithlaw.com

www.howardsmithlaw.com

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Law Offices of Howard G. Smith

Copyright Business Wire 2019.

PUB: 02/19/2019 05:29 PM/DISC: 02/19/2019 05:29 PM

http://www.businesswire.com/news/home/20190219006058/en