The antitrust lawsuit against Hasbro's board members might already be over.
According to reporting from Rhode Island Current, the lawsuit alleging securities violations against the Hasbro Board of Directors has been voluntarily dropped.
The suit, which was brought upon by a group of Hasbro shareholders, brought up “breaches of [Hasbro's] fiduciary duties as directors and/or officers of Hasbro, unjust enrichment, waste of corporate assets, gross mismanagement, abuse of control" as well as violations of the United States Securities Exchange Act. Plaintiffs Joseph Crocono and Ultan McGlone, whom have been Hasbro shareholders since 2000 and 2001, respectively.
In a recent earnings call for the company, Hasbro reported a revenue increase of 14 percent.
