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Mattel Issues Statement Regarding Ninth Circuit Court of Appeals Recent Decision

  Mattel Issues Statement Regarding Ninth Circuit Court of Appeals Recent
  Decision

Business Wire

EL SEGUNDO, Calif. -- January 24, 2013

Mattel today issued the following statement regarding Ninth Circuit Court of
Appeals recent decision.

We are pleased that the Ninth Circuit Court of Appeals agreed with Mattel that
the verdict and damages on MGA’s toy fair claims must be reversed, and the
claims must be dismissed by the District Court. The Ninth Circuit’s decision
vacates the district court’s judgment awarding MGA approximately $172 million,
consisting primarily of compensatory and punitive damages, for the claims MGA
made arising out of conduct at toy fairs. Consistent with the Court’s
affirmance of the award of fees and costs against Mattel arising out of the
separate copyright claims, Mattel has taken a reserve of $137.8 million with
respect to the fourth quarter of 2012 to cover these fees and costs.

While MGA can in theory bring a new lawsuit based on its toy fair claims, we
are confident that such a lawsuit will be barred by the statute of
limitations. We look forward to the speedy and final resolution of this
dispute, and will continue to focus our efforts on successfully competing in
the marketplace.

About Mattel

Mattel, Inc. (NASDAQ:MAT) (www.mattel.com) is the worldwide leader in the
design, manufacture and marketing of toys and family products. The Mattel
family is comprised of such best-selling brands as Barbie®, the most popular
fashion doll ever introduced, Hot Wheels®, Matchbox®, American Girl®, Radica®
and Tyco R/C®, as well as Fisher-Price® brands, including Thomas & Friends®,
Little People®, Power Wheels® and a wide array of entertainment-inspired toy
lines. In 2013, Mattel was named as one of FORTUNE Magazine's "100 Best
Companies to Work For" for the sixth year in a row. Mattel also is ranked
among Corporate Responsibility Magazine's "100 Best Corporate Citizens." With
worldwide headquarters in El Segundo, Calif., Mattel employs approximately
28,000 people in 43 countries and territories and sells products in more than
150 nations. At Mattel, we are Creating the Future of Play. Visit us at
www.mattel.com, www.facebook.com/mattel or www.twitter.com/mattel

MAT-CORP

Contact:

Mattel, Inc
News Media
Alan Hilowitz
310-252-6397
Press@mattel.com
or
Securities Analysts
Drew Vollero
310-252-2703
Drew.Vollero@mattel.com
 
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