The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement: (II) Settlement Hearing; and (III) Motion for Attorneys' Fees and Litigation Expenses. Because this website is just a summary, you should review the Notice for additional details.
Summary of the Action and Settlement
This website relates to a securities class action (the “Action”) brought by the Court-appointed Lead Plaintiffs, DeKalb County Employees Retirement System (“DeKalb”) and New Orleans Employees’ Retirement System (“New Orleans,” and with DeKalb, “Lead Plaintiffs”). Lead Plaintiffs alleged that Defendants violated the federal securities laws by making false and misleading statements and omissions about Mattel’s internal controls and financial results, including by allegedly concealing that the Defendants had made and then concealed misstatements in Mattel’s third and fourth quarter 2017 financial statements.
Lead Plaintiffs and Defendants have settled the Action for $98,000,000 in cash (the “Settlement”). On May 2, 2022, the Court held a hearing to consider final approval of the Settlement and related matters. On May 18, 2022, the Court entered a final Judgment approving the Settlement and an Order approving the Settlement and Plan of Allocation and awarding attorney's fees and litigation expenses.
If you are a member of the Class, you are subject to the Settlement. The Class consist of:
all persons and entities who purchased or otherwise acquired the common stock of Mattel from August 2, 2017 to August 8, 2019, inclusive, and who were damaged thereby.
The Class includes a subclass (“PwC SubClass”) consisting of
all persons and entities who purchased or otherwise acquired the common stock of Mattel from February 27, 2018 to August 8, 2019, inclusive, and who were damaged thereby.
Excluded from the Class and PwC Subclass are (i) Defendants; (ii) Mattel’s and PwC’s affiliates and subsidiaries; (iii) the officers and directors of Mattel and PwC and their subsidiaries and affiliates at all relevant times; (iv) members of the immediate family of any excluded person; (v) heirs, successors, and assigns of any excluded person or entity; and (vi) any entity in which any excluded person has or had a controlling interest. Also excluded from the Class and PwC Subclass are any persons and entities who or which excluded themselves by submitting a request for exclusion that is accepted by the Court.
Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found in the menu at the top of this page.
Payments to eligible claimants will be made only after the completion of all claims processing. Please be patient, as this process will take some time to complete.
|YOUR LEGAL RIGHTS IN THIS LAWSUIT:
|SUBMIT A CLAIM FORM POSTMARKED (IF MAILED), OR ONLINE, NO LATER THAN JUNE 8, 2022.
||This is the only way to be eligible to receive a payment from the Settlement Fund. If you are a Class Member and you remain in the Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in paragraph 42 of the Notice) that you have against Defendants and the other Defendants’ Releasees (defined in paragraph 43 of the Notice), so it is in your interest to submit a Claim Form.
||If you are a member of the Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.
How do I obtain more information?
Detailed information about the Action is contained in the Notice available for download on the 'Notice' page on this website. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free 1-877-379-5987 or emailing info@MattelSecuritiesLitigation.com or mailing a letter to:
Mattel Securities Litigation
c/o JND Legal Administration
P.O. Box 91434
Seattle, WA 98111
Inquiries should NOT be directed to the Court or the Clerk of the Court.