#United States #New York #securities lawsuit #Hasbro Inc #Levi Korsinsky

Hasbro, Inc. Class Action Lawsuit Updates

On January 7, 2025, Levi & Korsinsky, LLP announced important information for investors in Hasbro, Inc. (NASDAQ: HAS). A class action lawsuit has been filed, and investors who believe they have been wronged have until January 13, 2025, to step forward as potential lead plaintiffs.

Understanding the Class Action

This class action seeks to recover losses incurred by investors due to alleged securities fraud perpetrated by Hasbro, Inc. The lawsuit pertains to events from February 7, 2022, to October 25, 2023, during which numerous misleading statements and omissions regarding Hasbro's inventory quality were made. Investors are encouraged to review the particulars of this lawsuit, as the implications for their investments could be significant.

Allegations Against Hasbro, Inc.

The complaint alleges that during the class period, the defendants made materially false statements about the company's inventory. Specifically, Hasbro's rising inventory levels were misrepresented as indicative of strong demand, when in reality, they reflected excess supply amidst declining demand. This misinformation allegedly led to Hasbro’s stock trading at artificially inflated prices, misleading investors about the company's actual business operations and future prospects.

Next Steps for Investors

If you have experienced losses in your investments in Hasbro, Inc. during the specified timeframe, you have the opportunity to have your voice heard in the lawsuit. To request to be appointed as a lead plaintiff, you must act before the January 13, 2025 deadline. However, participating does not necessitate serving as the lead. Victims of the alleged fraud are urged to act swiftly to protect their interests.

No Financial Obligation to Participate

Potential class members should take note that there is no financial cost or obligation to join this class action. If you qualify, you might be eligible for compensation without any out-of-pocket expenses. Interested investors can learn more and obtain assistance by contacting Levi & Korsinsky directly.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a well-established reputation, having successfully recovered hundreds of millions for investors in past securities litigation cases. With a dedicated team specializing in complex securities fraud cases and a consistent history of winning prominent lawsuits, they are well-equipped to support affected investors. Over the past seven years, Levi & Korsinsky has been recognized in the ISS Securities Class Action Services' Top 50 Report, a testament to their success and reliability.

Contact Information

For further inquiries related to the Hasbro, Inc. class action lawsuit, investors can reach out to:

• - Joseph E. Levi, Esq.
• - Email: [email protected]
• - Phone: (212) 363-7500
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004

For personalized support and assistance, prospective plaintiffs are advised to reach out to the firm promptly.

Be proactive—stay informed and ensure your rights as an investor are protected in the ever-evolving landscape of securities litigation.