Pending Cases

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, announces that a federal class action lawsuit has been filed against Mattel, Inc. (“Mattel” or “Company”) (NASDAQ: MAT) and several officers and directors for acts taken during the period of October 20, 2016 and April 20, 2017 (the “Class Period”).

Based upon the allegations in the class action, the firm is investigating additional legal claims against the officers and Board of Directors of Mattel. If you are an affected Mattel shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or call toll free at (888) 809-2750. There is no cost or fee to you.

According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. The complaint alleges that defendants made false and misleading statements and/or failed to disclose adverse information regarding Mattel’s business and prospects during the Class Period. Specifically, the complaint alleges that defendants failed to disclose that Mattel’s retail customers were loaded with extremely high levels of unsold Mattel product, which exposed Mattel to the heightened risk, and that it would have to issue its retailers financial concessions to remove such excess inventory. The complaint alleges that Mattel also failed to disclose that it would experience slower sales growth in future periods. As a result of defendants’ false statements and/or omissions, Mattel shares traded at artificially inflated prices of more than $33 per share during the Class Period.

After the close of the market on April 20, 2017, Mattel announced its first quarter 2017 financial results, reporting that, on a year-over-year basis, worldwide net sales and gross margins each declined by more than 15%, and its operating loss increased by more than 158% to $127.0 million from $49.1 million. Mattel’s first quarter 2017 results were significantly below Wall Street consensus estimates. In fact, Mattel’s 15% net sales decline during the quarter was twice the 7.8% decline expected by Wall Street analysts and its reported first quarter 2017 gross margins were 520 basis points less than expected Wall Street consensus estimates. Mattel stock dropped significantly immediately following this announcement.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, announces that a federal class action lawsuit has been filed against Ocwen Financial Corporation (“Ocwen” or “Company”) (NYSE: OCN) and several officers and directors for acts taken during the period of May 11, 2015 and April 19, 2017 (the “Class Period”).

Based upon the allegations in the class action, the firm is investigating additional legal claims against the officers and Board of Directors of Ocwen.  If you are an affected Ocwen shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or call toll free at (888) 809-2750.  There is no cost or fee to you.

According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934.  Specifically, the complaint alleges, among other things, that defendants issued false and/or misleading statements and/or failed to disclose the following: (1) that Ocwen engaged in significant and systemic misconduct at nearly every stage of the mortgage servicing process; (2) that this conduct would subject Ocwen to heightened regulatory scrutiny and potential criminal sanctions; and (3) that as a result of the above, Ocwen’s public statements were materially false and misleading at all relevant times. The U.S. Consumer Financial Protection Bureau announced on April 20, 2017, that it was suing Ocwen and several states issued cease-and-desist orders against the company.  Ocwen stock dropped significantly immediately following this announcement.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Pending Investigations

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of ShoreTel, Inc. (“ShoreTel”) (NasdaqGS: SHOR) concerning the sale to Mitel Networks Corporation.  Under the terms of the agreement, ShoreTel shareholders will only receive $7.50 for each share owned, which is lower than at least one analyst’s estimated value of $11.00 per share.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or by calling (888) 809-2750. There is no cost or fee to you.

The investigation centers on whether ShoreTel’s Board of Directors is acting in the shareholders’ best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction.  Notably, at least one analyst with Yahoo! Finance believes the true inherent value of the stock could be as high as $11.00.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of MainSource Financial Group, Inc. (“MainSource”) (NASDAQ: MSFG) concerning the sale to First Financial Bancorp (NASDAQ: FFBC).  Under the terms of the agreement, MainSource shareholders will only receive 1.3875 of a First Financial share for each MainSource share owned, which is virtually no premium over the 52-week high and lower than at least one analyst’s estimated value of $39.00 per share.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or by calling (888) 809-2750. There is no cost or fee to you.

The investigation centers on whether MainSource’s Board of Directors is acting in the shareholders’ best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction.  Notably, at least one analyst with Yahoo! Finance believes the true inherent value of the stock could be as high as $39.00.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Guidance Software, Inc. (“Guidance”) (NasdaqGM: GUID) concerning the sale to Open Text Corporation. Under the terms of the agreement, Guidance shareholders will only receive $7.10 in cash for each share owned, which is virtually no premium over the 52-week high and lower than at least one analyst’s estimated value of $10.00 per share.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or by calling (888) 809-2750. There is no cost or fee to you.

The investigation centers on whether Guidance’s Board of Directors is acting in the shareholders’ best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of the stock could be as high as $10.00.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of State National Companies, Inc. (“State National”) (NASDAQ: SNC) concerning the sale to Markel Corporation. Under the terms of the agreement, State National shareholders will only receive $21.00 for each share owned, which is virtually no premium over the 52-week high and lower than at least one analyst’s estimated value of $22.00 per share.

If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com or by calling (888) 809-2750. There is no cost or fee to you.

The investigation centers on whether the Board of Directors is acting in the shareholders’ best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of the stock could be as high as $22.00.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

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