Thomas Zaccaro of Hueston Hennigan. Courtesy photo Hueston Hennigan Secures Dismissal of SEC Action Against Ex-PwC Auditor in Mattel-Linked Case
The federal agency issued a one-page order dropping the action against Joshua Abrahams last Friday after the Division of Enforcement filed a motion to dismiss it on Aug. 12, simply stating: "Under the circumstances, it appears appropriate to grant the Division's motion and dismiss the proceeding."
November 06, 2024 at 11:14 AM
3 minute read
Securities Litigation
What You Need to Know
- In 2022, the SEC charged Mattel with financial misstatements in its Q3-Q4 2017 financial results and ordered it to pay a $3.5 million settlement.
- It concurrently launched an administrative action against Joshua Abrahams, a PwC auditor who led audits for the company during that period.
- On Nov. 1, the SEC voluntarily dismissed the action against Abrahams after years of litigation by a defense team from Hueston Hennigan.
Former PricewaterhouseCoopers auditor Joshua Abrahams, defended by Hueston Hennigan, has won the dismissal of a U.S. Securities and Exchange Commission administrative action linked to a concurrent action against toymaker Mattel.
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