More Mattel Class Action

Mattel is facing another class action lawsuit in relation to its acquisition of The Learning Company. This suit, brought by the firm of Stull, Stull & Brody is on behalf of the shareholders of Broderbund Software who received common shares of The Learning Company in exchange for Broderbund stock. The complaint charges that Mattel made false and misleading statements, causing shareholders to approve the merger. Mattel also faces an earlier suit brought by the firm of Kaplan, Kilsheimer & Fox on behalf of Mattel shareholders.