HAS INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Hasbro, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - Hasbro, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company misrepresented inventory quality and levels during a significant buildup that exceeded customer demand [1][3]. Group 1: Allegations and Financial Impact - The lawsuit alleges that Hasbro misrepresented the quality and appropriateness of its inventory levels compared to customer demand, leading to a significant buildup of inventory that the company struggled to manage [3]. - On January 26, 2023, Hasbro previewed its fourth quarter results for fiscal year 2022, admitting to a 17% year-over-year revenue contraction and announcing a layoff of 15% of its global workforce, which resulted in an over 8% drop in stock price [4]. - On October 26, 2023, Hasbro reported an 18% decline in Consumer Product revenues year-over-year and provided a significantly reduced guidance for the remainder of the year, leading to an additional 11.7% drop in stock price [5]. Group 2: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Hasbro common stock during the class period to seek appointment as lead plaintiff in the lawsuit, representing the interests of the class [6]. - The lead plaintiff can select a law firm of their choice to litigate the case, and participation as lead plaintiff does not affect an investor's ability to share in any potential recovery [6]. Group 3: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having secured $6.6 billion for investors in securities-related class action cases, significantly more than any other law firm in the last four years [7].