$98M Settlement In Mattel Stock-Drop Suit Gains Final Approval

Mealey's (May 23, 2022, 2:18 PM EDT) -- LOS ANGELES — A federal judge in California on May 18 granted final approval of a $98 million securities class action settlement between investors and toy maker Mattel Inc. and certain of its current and former executive officers and others stemming from the defendants’ alleged misrepresentations of Mattel’s business and financial condition, ruling that the settlement is fair, reasonable and adequate....