Hasbro Inc. (NASDAQ: HAS)
Hagens Berman Sobol Shapiro LLP reminds investors in Hasbro Inc. (NASDAQ: HAS) of the November 27, 2018 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the District of Rhode Island.
If you purchased or otherwise acquired shares of HAS between April 24, 2017 and October 23, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing HAS@hbsslaw.com.
On October 23, 2017, Hasbro and management announced disappointing Q3 2017 financial results. Defendants blamed the results, in part, on the Toys “R” Us September 2017 bankruptcy and on difficulties with the Company’s business in the U.K. and Brazil.
This news drove the price of Hasbro shares down $8.44, or about 8.5%, that day.
“We’re focused on investors’ losses and the extent to which Defendants’ earlier statements concerning Toys “R” Us and the outlook for the Company in the U.K. and Brazil may have been misleading,” said Hagens Berman partner Reed Kathrein.
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