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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.

Glancy Prongay & Murray LLP Announces Investigation on Behalf of Mattel, Inc. Investors

February 21, 2019

LOS ANGELES--(BUSINESS WIRE)--Feb 20, 2019--Glancy Prongay & Murray LLP (“GPM”) 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.

If you are a shareholder who suffered a loss, click  here  to participate.

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to  shareholders@glancylaw.com, or visit our website at  www.glancylaw.com.

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 stock, 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 Lesley Portnoy, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9244, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.

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/20190220006020/en/

CONTACT: Glancy Prongay and Murray LLP, Los Angeles

Lesley Portnoy, 310-201-9150 or 888-773-9224

www.glancylaw.com

shareholders@glancylaw.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Glancy Prongay & Murray LLP

Copyright Business Wire 2019.

PUB: 02/20/2019 07:28 PM/DISC: 02/20/2019 07:28 PM

http://www.businesswire.com/news/home/20190220006020/en