WHY: A recently filed 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 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 us at jgrabar@grabarlaw.com, or call 267-507-6085.
$HAS #Hasbro
Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237131
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