The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Rhode Island on behalf of investors who purchased Hasbro, Inc. (NASDAQGS: HAS) securities between April 24, 2017 and October 23, 2017.
According to the Hasbro lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) 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; (2) 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; and (3) Hasbro was experiencing significant adverse sales issues in the key markets of the United Kingdom and Brazil which were negatively impacting the Company’s efforts to grow sales in those markets.
If you suffered a loss in Hasbro you have until November 27, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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