Mattel world corporate headquarters building, El Segundo, California. Photo: Ken Wolter/Shutterstock.com Shareholders Accuse Mattel, PwC of Toying With Accounting in New Delaware Chancery Court Suit
Shareholders said the toymaker keeps its financial information in disorganized piles of paper.
October 20, 2021 at 05:29 PM
3 minute read
Mattel Inc. shareholders have claimed the company keeps its financial information in disorganized piles of paper, and another lawsuit was added Tuesday to the pile that's been brought against the company as a result.
The newly filed shareholder suit in the Court of Chancery isn't the only case in which shareholders are going after Mattel for its alleged financial missteps: three other derivative cases making similar allegations were filed in the court earlier this year and have since been combined into a case in which a consolidated complaint was filed under seal, also on Tuesday. And in the Central District of California, a consolidated securities class action is also underway.
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