An investigation on behalf of current long term investors in Hasbro, Inc. (NASDAQ: HAS) shares over possible breaches of fiduciary duty by certain officers and directors was announced
San Diego, CA -- (SBWIRE) -- 12/10/2018 -- Certain directors of Hasbro, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Hasbro, Inc. (NASDAQ: HAS) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in Hasbro, Inc. (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 directors are liable in connection with the allegations made in that lawsuit.
Tlaintiff alleges that the defendants knew or recklessly disregarded that Hasbro's relationship with Toys "R" Us was becoming increasingly important to Hasbro's business, as Toys "R" Us was the primary retail brick-and-mortar toy store in the United States, and that Toys "R" Us was in far worse financial condition than was being publicly reported and it would have to dramatically scale back its operations or file for bankruptcy and liquidate, that Hasbro was experiencing significant undisclosed adverse sales issues in two key markets – the United Kingdom and Brazil – which were negatively impacting the Company's efforts to grow sales in those markets, and that as a result of this information being withheld from the market, the price of Hasbro common stock was artificially between April 24, 2017 and October 23, 2017 to over $115 per share and Hasbro insiders were able to sell $147 million worth of their personally held Hasbro stock to the public at inflated prices.
Those who purchased shares of Hasbro, Inc. (NASDAQ: HAS) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.
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