Hasbro

Practice Area: 
Stock Symbol: 
HAS
Case Status: 
Recent Cases
Class Period: 
April 24, 2017 to October 23, 2017
Motion Deadline: 
November 27, 2018

Ademi & O’Reilly, LLP reminds investors in Hasbro, Inc. (HAS) of the lead plaintiff deadline of November 27, 2018.

The lawsuit alleges that Hasbro made false and misleading statements about Hasbro’s reliance on sales to Toys “R” Us and sales and operational issues Hasbro was having in United Kingdom and Brazil.  While making these false and misleading statements Hasbro insiders were able to sell $147 million worth of their Hasbro stock at inflated prices.

As a result of these false and misleading statements, the price of Hasbro shares was inflated before falling 22% to close at $89.75 per share on October 23, 2017.