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Message: <blockquote data-quote="Koloth" data-source="post: 9844026" data-attributes="member: 6706231">My early morning not yet having caffeine input read of this is:Someone alleges that Hasbro printed a lot of Magic The Gathering cards to take advantage of the increased demand during Covid and Hasbro has continued to print higher then normal numbers of MtG cards since due to the continued demand.  Income from these higher sales was used to cover shortfalls elsewhere in the Company.  This 'overprinting' is depressing the secondary market and may also depress the primary market for future Hasbro MtG sales.  (Increasing supply during high demand seems to me to be what a company should do.  This does carry the risk of flooding the market and tanking sales.  Don't think the suit is claiming sales have tanked, just that they might).  On the stock buybacks, lawsuit claims the buybacks were when Hasbro stock price was high and perhaps priced even higher.  (Oddly, a lot of stock buy backs do happen when the stock price is up.  Price is up because the company is doing well and generating a lot of cash.  C-Suite/Board of Directors decides to reward share holders with either dividends(goes to existing shareholders) or stock buybacks(goes to folks who sell out).).  Possible the plaintiffs believe that the C-Suite/BoD dumped shares/options during the buy back, reaping a better return then the average shareholder.  In the US, a lot of these type lawsuits are brought by law firms in hopes the company will settle without a trial.  Law firm pockets 30+% of the settlement, shareholders get pennies per share.  Benefits the institutional investor with millions of shares.</blockquote>

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