The law firm of Wohl & Fruchter LLP is investigating possible violations of federal securities laws by officers and directors of Mattel, Inc. (Mattel) (NASDAQ: MAT).
On July 17, 2013, Mattel announced weaker-than-expected profit in its second quarter 2013 results. Among the highlights was a 12% decline in worldwide gross sales of Mattel’s flagship Barbie® doll brand.
Upon the news, MAT shares declined $3.17/share, or 6.8%, to close at $43.16/share on July 17, 2013.
Wohl & Fruchter’s investigation concerns whether Mattel management concealed from investors, among other things, the extent to which sales of its other doll brands have been cannibalizing sales of its Barbie doll line.
Persons with relevant information, and MAT shareholders with questions about this investigation, are invited to contact the attorney below, or our Firm by calling 866.833.6245.
Additional information is available on our website at:
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J. Elazar Fruchter (firstname.lastname@example.org)845.425.4658 or Toll Free 866.833.6245Wohl & Fruchter LLP570 Lexington AvenueNew York, NY 10022