Mealey's (January 21, 2022, 10:42 AM EST) -- LOS ANGELES — A federal judge in California on Jan. 18 granted preliminary approval of a $98 million settlement in a securities class action alleging that toy maker Mattel Inc. and certain of its current and former senior executives and others materially misrepresented the company’s business and financial condition, ruling that the proposed settlement agreement appears to be fair and reasonable and is the product of arms-length negotiations....