Day: October 25, 2022

Mattels Financial Reporting Errors

Mattel Fined for Financial Reporting Errors; Former PwC Partner Charged

On By Jaclyn Jaeger

Mattel has agreed to a cease-and-desist order and will pay a $3.5 million civil penalty to settle charges brought by the Securities and Exchange Commission relating to misstatements the U.S. multinational toy company made in its third and fourth quarter 2017 financial statements. The SEC separately has initiated litigation against Read More

Five Companies Lost Directors Over Potential Clayton Act Violations

On By Jaclyn Jaeger

Seven directors among five companies have resigned from corporate board positions in response to concerns by the Department of Justice’s Antitrust Division that their roles potentially violated the Clayton Act, the agency announced. Section 8 of the Clayton Act prohibits directors and officers from serving simultaneously on the boards of Read More