The lawsuit concerns a cover-up of known, material misstatements in Mattel’s financial results and known, severe weaknesses in its internal controls. The cover-up was orchestrated by senior Mattel executives and the Company’s auditor, PwC—who were responsible for ensuring that Mattel’s public statements to investors were accurate and complete.
An amended complaint was filed on May 29, 2020, and is awaiting briefing.
This case is led by Bernstein Litowitz Berger & Grossman LLP. Block & Leviton serves as additional counsel in the amended complaint.