Investigation announced for Long-Term Investors in shares of Hasbro, Inc. (NASDAQ: HAS) over possible Wrongdoing

An investigation was announced for current long-term investors in shares of Hasbro, Inc. (NASDAQ: HAS) concerning potential breaches of fiduciary duties by certain directors and officers of Hasbro, Inc.

Investors who are current long term investors in Hasbro, Inc. (NASDAQ: HAS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: HAS stocks follows a lawsuit filed against Hasbro, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: HAS stocks, concerns whether certain Hasbro, Inc. (directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the defendants made numerous materially false and misleading statements and omissions about the quality inventory that Hasbro held, and represented that its rising inventory levels reflected outstanding and anticipated demand, rather than excess supply that outpaced waning demand, and that as a result of these misrepresentations, the Complaint claims that Hasbro common stock traded at artificially inflated prices between February 7, 2022 to October 25,2023.

Those who purchased shares of Hasbro, Inc. (NASDAQ: HAS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.