Johnson Fistel, LLP investigates potential violations of federal and state laws by certain officers of Hasbro, Inc. (NASDAQ: HAS). If you are a current, long-term shareholder of Hasbro, continuously holdings shares since February 7, 2022, you may have standing to hold the company harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to prevent future wrongdoing. If you are interested in moving forward with us review the information below:
Recently, a class action lawsuit was filed against the company. According to the filed complaint, it is alleged that defendants made numerous materially false and misleading statements and omissions about the quality inventory that Hasbro held throughout the class period, and represented that its rising inventory levels reflected outstanding and anticipated demand, rather than excess supply that outpaced waning demand. As a result of the foregoing, Hasbro common stock traded at artificially inflated prices throughout the Class Period and defendants’ statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.