#United States #New York #Hasbro #Kahn Swick #Charles Foti

Hasbro Investigation Launched by Kahn Swick & Foti

On January 20, 2026, Kahn Swick & Foti, LLC, a prominent law firm, announced that it has initiated an investigation into the officers and directors of Hasbro, Inc. (NASDAQ: HAS). This inquiry comes on the heels of alarming reports from Hasbro revealing an 18% year-over-year reduction in consumer product revenues for the third quarter of 2023.

Background on Hasbro's Revenue Challenges

In its Q3 report released on October 26, 2023, Hasbro disclosed that the decline in consumer product revenues was primarily due to several compounding factors. The company highlighted issues such as exiting certain business segments, unfavorable trends within the industry, and an emphasis on effectively managing inventory across both owned assets and retail partners.

Furthermore, Hasbro revised its full year guidance for consumer product performance. Initially forecasting a decline of only 3% to 6%, the company now anticipates a sharper drop of between 13% and 15%.

Legal Repercussions Following Revenue Declines

Following these disappointing financial announcements, Hasbro and some executives faced a securities class action lawsuit. The lawsuit alleges that they failed to disclose material information regarding the financial health of the company, thereby violating federal securities laws. The allegations highlight significant concerns about the transparency and governance practices at Hasbro.

Focus of the Investigation by Kahn Swick & Foti

The investigation initiated by Kahn Swick & Foti seeks to determine whether Hasbro's management breached their fiduciary duties to shareholders or violated any applicable state or federal regulations. KSF, led by esteemed former Louisiana Attorney General Charles C. Foti, Jr., aims to uncover any potential misconduct or negligence that contributed to these financial difficulties.

The law firm invites stakeholders or individuals with pertinent information to come forward. They are particularly interested in hearing from long-term shareholders of Hasbro stock who may wish to discuss their legal rights or provide insights that could aid the investigation. Interested parties are encouraged to contact KSF at no cost or obligation.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC is celebrated for its expertise in securities litigation, helping both institutional and retail investors recover losses derived from corporate misconduct. The firm operates nationwide with offices in New York, California, and Louisiana among others. It prides itself on its record of client advocacy and has been recognized as one of the top law firms based on total settlement values in securities class action cases.

For anyone looking to delve deeper into this unfolding story, and to gather insights regarding the implications for Hasbro and its executive team, Kahn Swick & Foti's dedicated resources and ongoing updates can provide valuable information.