Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hasbro, Inc. ("Hasbro, Inc." or the "Company") (NASDAQ: HAS) investors of a class action representing investors that bought securities between February 7, 2022 to October 25, 2023, inclusive (the "Class Period"). Hasbro, Inc. investors have until January 13, 2025 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The complaint alleges that the defendants made several false or misleading statements and omissions regarding the quality of Hasbro's inventory during the class period. Specifically, they represented that the increase in inventory was due to strong demand and future expectations, rather than an excess of supply that exceeded declining demand. As a result, Hasbro's stock was traded at artificially inflated prices throughout the class period, and the defendants' statements about the company’s business, operations, and outlook were misleading and/or lacked a solid basis.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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