Hasbro(US:HAS) Prnewswireยท2025-01-06 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Hasbro, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its inventory quality, leading to artificially inflated stock prices during the class period from February 7, 2022, to October 25, 2023 [1]. Group 1: Allegations and Class Period - The allegations state that Hasbro's rising inventory levels were misrepresented as reflecting strong demand, while in reality, they indicated excess supply due to declining demand [1]. - The class period for the lawsuit is defined as February 7, 2022, to October 25, 2023 [1]. Group 2: Shareholder Actions - Shareholders who purchased shares of Hasbro during the specified class period are encouraged to register for the class action and may seek lead plaintiff status by the deadline of January 13, 2025 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [3]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to stock price inflation [3].