Hasbro, Inc. is a toy, game and entertainment company that makes popular toys and games like Monopoly, Transformers, and Nerf. It also produces entertainment content, including movies and TV shows, and own Wizards of the Coast, known for Magic: The Gathering and Dungeons & Dragons.

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, prior to the start of the Class Period (February 7, 2022 through October 25, 2023), 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.

The securities fraud class action complaint alleges that, throughout the Class Period, Defendants 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. As a result of these misrepresentations, the Complaint claims that Hasbro common stock traded at artificially inflated prices throughout the Class Period.

Shareholders who purchased Hasbro stock prior to the start of the February 7, 2022 Class Period, as well as those who purchased during the Class Period, are encouraged to contact us at [email protected], or call 267-507-6085, to learn more about their rights. You may be able seek damages, corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to you.