Investors Seek Final Approval Of $98M Settlement In Mattel Stock-Drop Suit

Mealey's (March 30, 2022, 1:22 PM EDT) -- LOS ANGELES — Investors in a securities class action alleging that toy maker Mattel Inc. and certain of its current and former executive officers and others materially misrepresented the company’s business and financial condition asked a federal judge in California on March 28 to grant final approval of the settlement, arguing that the settlement “is an outstanding result of the Class and readily satisfies” the statutory standards for approval....