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U.S. SEC says Mattel agrees to pay $3.5 million to settle charges relating to financial misstatements
2022.10.21 16:36
© Reuters. The Mattel company logo is pictured at the entrance of the Montoi plant in the municipality of Escobedo, Mexico March 15, 2022. REUTERS/Daniel Becerril
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) said Mattel Inc (NASDAQ:) has agreed to pay $3.5 million to settle charges relating to financial misstatements in 2017, the agency said on Friday.
The SEC is initiating litigation against Joshua Abrahams, a former audit partner at PricewaterhouseCoopers LLP to determine whether he engaged in improper professional conduct and violated auditor independence rules, the agency said in a statement.
Counsel for Mattel and the auditor did not respond immediately to requests for comment.
