Philadelphia, Pennsylvania–(Newsfile Corp. – January 15, 2025) – Grabar Law Firm is investigating whether certain officers and directors Hasbro Inc . (NASDAQ: NASDAQ: ) breached their fiduciary duties owed to the company.
Current Hasbro shareholders who purchased Hasbro stock prior to February 7, 2022 and would like to learn more about the investigation, their rights, and their options for a refund at no cost to them are encouraged to visit https://grabarlaw.com/the-latest/hasbro-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.
WHY: A recently filed securities fraud class action lawsuit filed against Hasbro and five of its employees alleges that during the early stages of the COVID pandemic, Hasbro faced a surge in demand as families were confined to their homes and global supply chain disruptions have affected numerous industries. In response, Hasbro bought back inventory to ensure they could meet demand. Hasbro, through certain of its officers, made numerous material false and misleading statements and omissions about the quality of inventory that Hasbro held and represented that its rising inventory levels reflected extraordinary and expected demand, rather than excess supply that outweighed declining demand.
WHAT YOU CAN DO NOW: Current Hasbro shareholders who purchased Hasbro stock before February 7, 2022 can seek corporate reforms, the return of funds spent on defending the litigation back to the company, and a court-approved incentive award, at no cost to them. If you would like to learn more about your rights and how you may benefit, please visit https://grabarlaw.com/the-latest/hasbro-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call us at 267-507-6085.
$HAS #Hasbro
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