NEW ORLEANS–(BUSINESS WIRE)–$HAS #HAS–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General
of Louisiana, Charles C. Foti, Jr., remind investors that they have until
November 27, 2018 to file lead plaintiff applications in a
securities class action lawsuit against Hasbro, Inc. (NasdaqGS: HAS), if
they purchased the Company’s shares between April 24, 2017 and October
23, 2017, inclusive (the “Class Period”). This action is pending in the
United States District Court for the District of Rhode Island.
What You May Do
If you purchased shares of Hasbro and would like to discuss your legal
rights and how this case might affect you and your right to recover for
your economic loss, you may, without obligation or cost to you, contact
KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email
or visit https://www.ksfcounsel.com/cases/nasdaqgs-has/
to learn more. If you wish to serve as a lead plaintiff in this class
action, you must petition the Court by November 27, 2018.
About the Lawsuit
Hasbro and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
On October 23, 2017, the Company disclosed disappointing 3Q2017
financial results including that U.S. and Canada operations were
negatively impacted by the Toys “R” Us bankruptcy, contributing to a 5%
decline in operating profit to $217.3 million, or 21.9% of net revenues,
compared to $228 million in 2016. Further, the Company’s CFO advised
that challenges in the U.K. and Brazil would likely continue through the
year with sales increasing only 4% to 7% from the fourth quarter a year
On this news, the price of Hasbro stock plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities, antitrust and consumer
class actions, along with merger & acquisition and breach of fiduciary
litigation against publicly traded companies on behalf of shareholders.
The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, 1-877-515-1850