Globe Newswire 12-Oct-2018 10:50 PM
NEW ORLEANS, Oct. 12, 2018 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until November 27, 2018 to file lead plaintiff applications in a securities class action lawsuit against Hasbro, Inc. (NASDAQ: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.
Hasbro investors should visit us at https://www.claimsfiler.com/cases/view-hasbro-inc-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Hasbro and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
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 ago.
On this news, the price of Hasbro stock plummeted.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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