Hasbro Investigation Initiated: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Hasbro, Inc. - HAS

Core Viewpoint - Kahn Swick & Foti, LLC has initiated an investigation into Hasbro, Inc. regarding potential breaches of fiduciary duties by its officers and directors, following a significant decline in the company's Consumer Product revenues and a related securities class action lawsuit [1][2][3]. Financial Performance - Hasbro reported an 18% year-over-year decline in Consumer Product revenues for Q3 2023, attributed to exited businesses, soft industry trends, and inventory management prioritization [2]. - The company revised its full-year guidance for Consumer Product revenue, now expecting a decline of 13% to 15%, a significant increase from the previously forecasted decline of 3% to 6% [2]. Legal Issues - Following the financial disclosures, Hasbro and certain executives are facing a securities class action lawsuit for allegedly failing to disclose material information, which is currently ongoing [2]. - Kahn Swick & Foti's investigation is focused on whether there were any violations of state or federal laws by Hasbro's leadership [3].