Security Investigation
Hasbro, Inc. (NasdaqGS: HAS)
53 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 13, 2025 to file lead plaintiff applications in a securities class action lawsuit against Hasbro, Inc. (NasdaqGS: HAS).
Hasbro and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 26, 2023, pre-market, the Company announced its results for 3Q2023, disclosing an 18% decline in Consumer Product revenues year-over-year, “driven by exited businesses, soft industry trends and prioritization of inventory management across both owned and retail inventory” and revised its full year guidance for Consumer Product to an expected revenue decline of 13% to 15%, compared to the previously forecast 3% to 6% decline.
On this news, the price of Hasbro’s shares fell $6.38 per share, or 11.7%, from a closing price of $54.75 per share on October 25, 2023, to a closing price of $48.37 per share on October 26, 2023.
If you purchased shares of Hasbro and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is West Palm Beach Firefighters’ Pension Fund v. Hasbro, Inc., et al., No. 24-cv-8633.