HASBRO ALERT: Bragar Eagel & Squire, P.C. is Investigating Hasbro, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Hasbro, Inc. regarding alleged breaches of fiduciary duties by its board of directors following a class action lawsuit filed on November 13, 2024, concerning a class period from February 7, 2022, to October 25, 2023 [1] Group 1: Allegations and Financial Impact - The class action lawsuit alleges that Hasbro misrepresented the quality and appropriateness of its inventory levels compared to customer demand, indicating a significant buildup of inventory that exceeded demand [2] - 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 led to an over 8% drop in its stock price [3] - On October 26, 2023, Hasbro reported an 18% decline in Consumer Product revenues year-over-year and significantly reduced guidance for the remainder of the year, forecasting approximately $50 million in one-time costs related to inventory management, resulting in an additional 11.7% drop in stock price [4]