Philadelphia, Pennsylvania--(Newsfile Corp. - January 15, 2025) - Grabar Law Office is investigating whether certain officers and directors of Hasbro Inc. (NASDAQ: HAS) have 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 the potential for recovery at no cost to them, are encouraged to visithttps://grabarlaw.com/the-latest/hasbro-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085.
WHY: A recently filed underlying securities fraud class action complaint, which was filed against Hasbro and five of its Officers, alleges that during the early stages of the COVID pandemic, Hasbro faced an increase in demand as families locked down in their homes, and global supply chain disruptions impacted numerous industries. In response, Hasbro overpurchased inventory to ensure that it could meet demand. Hasbro, via certain of its officers made numerous materially false and misleading statements and omissions about the quality inventory that Hasbro held and represented that its rising inventory levels reflected outstanding and anticipated demand, rather than excess supply that outpaced waning demand.
WHAT YOU CAN DO NOW: Current Hasbro shareholders who purchased Hasbro stock prior to February 7, 2022, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them whatsoever. If you would like to learn more about your rights and how you may benefit, you are encouraged to 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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