HASBRO (HAS) 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. due to allegations of mismanagement of inventory and fiduciary duty breaches by the board of directors during a specified class period [2][3]. Group 1: Class Action Lawsuit Details - A class action complaint was filed against Hasbro on November 13, 2024, covering a class period from February 7, 2022, to October 25, 2023 [2]. - The lawsuit alleges that Hasbro misrepresented the quality and appropriateness of its inventory levels compared to customer demand, leading to a significant buildup of unsold inventory [3]. Group 2: Financial Performance and Impact - 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 caused the stock price to drop by over 8% [4]. - 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, leading to an additional 11.7% drop in stock price [5].