FOX & KILSHEIMER LLP ANNOUNCES CLASS ACTION SUIT AGAINST MATTEL,
NEW YORK - , Kaplan Fox & Kilsheimer LLP has filed a Class Action lawsuit against Mattel, Inc. (NYSE: MAT)
and certain of its officers and directors in the United States District Court for the Central District of California. The suit is brought on behalf of all persons or entities who purchased or otherwise acquired
the common stock of Mattel, Inc. between February 1, 1999 and October 1, 1999, inclusive (the "Class Period").
The Complaint charges Mattel, Inc. and certain of its top officers and directors with
violations of the securities laws and regulations of the United States. The complaint alleges that the defendants knowingly or recklessly misled investors to enable Mattel to acquire The Learning Company. On
October 4, 1999, Mattel disclosed that The Learning Company would incur a $50-$100 million loss rather than the large profit forecast for the third quarter of 1999. Defendants' false and misleading statements
artificially inflated the price of Mattel common stock during the Class Period.
Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP, which
has over thirty years of experience in prosecuting investor class actions and actions involving financial fraud. For more detailed information about the firm you may visit our website at www.KaplanFox.com.
If you are a member of the Class, you may move the court, no later than December 6, 1999 to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain
legal requirements. Please contact us if you have any questions about this Notice, the action, your rights, or your interests, e-mail us at
mail@KaplanFox.com or call us at (800) 290-1952:
Frederic S. Fox, Esq.
Jonathan K. Levine, Esq.
Hae Sung Nam, Esq.
Kaplan Fox & Kilsheimer LLP at
(800) 290-1952 or (212) 687-1980 or e-mail to: info@KaplanFox.com.
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