Key Developments For Mattel, Inc.
Mattel, Inc. (MAT.O) (Nasdaq)
Mattel, Inc. Announces FY 2009 Annual Dividend
Mattel, Inc. announced that the Mattel Board of Directors has approved the Company's common stock annual dividend for 2009 of $0.75 per share. The dividend is payable on December 17, 2009, to stockholders of record on November 30, 2009.
Mattel, Inc. Agrees To Settle Lawsuit Involving 2007 Toy Recall-DJ
Dow Jones reported that Mattel, Inc. and its Fisher-Price unit agreed to settle a class action related to a 2007 recall of millions of toys made in China that were found to contain high levels of lead Co-plaintiff Whatley Drake & Kallas said in a statement the settlement provides tens of millions of dollars in monetary relief as well as significant injunctive relief. According to the firm, Mattel, Inc. recalled over 14 million toys in the U.S. in 2006 and 2007.
Universal Pictures and Mattel, Inc. Extends Global DVD Marketing And Distribution Alliance Through 2013
Universal Pictures and Mattel, Inc. announced a new 10-picture, four-year worldwide marketing and distribution agreement. Universal also acquires the rights to distribute all previous Barbie titles beginning January 1, 2010, making Universal the primary distributor of the entire Barbie catalog. The deal, which covers the U.S. and all international territories, runs through 2013.
Mattel, Inc. Announces Transfer To NASDAQ Global Select Market
Mattel, Inc. announced that it will voluntarily transfer its stock exchange listing from the New York Stock Exchange to the NASDAQ Global Select Market, effective September 28. Mattel will continue to trade under the ticker symbol MAT.
U.S. District Court Rules In Favor Of MGA Entertainment In Mattel/Bratz Doll Insurance Litigation
Mattel, Inc. announced that on June 24, 2009, U.S. District Court Judge Stephen Larson issued an order granting Motions for summary judgment brought by MGA Entertainment against two insurers for failing to defend MGA in litigation relating to the Bratz brand. The order establishes that both insurers, Evanston and Crum & Forster, had a duty to defend MGA in its litigation against Mattel, Inc. over Bratz dolls. Further, the order allows MGA to pursue damages against the two insurers at trial.
