https://www.mtgthesource.com/forums/ For discussion related to innovating and advancing the Legacy metagame. Includes article discussion, metagame prediction and analysis, and new card discussion. en Tue, 21 Jul 2026 19:25:43 GMT vBulletin 60 https://www.mtgthesource.com/forums/images/misc/rss.png https://www.mtgthesource.com/forums/ https://www.mtgthesource.com/forums/showthread.php?34329-Fraud-Case-Against-Hasbro&goto=newpost Tue, 30 Jun 2026 22:25:32 GMT Yeah.. uhhh its not people bitching, Coolstorybro has been committing fraud. Lots of it. A fireside chat and a 12 million dollar bonus? Orcish... Yeah.. uhhh its not people bitching, Coolstorybro has been committing fraud. Lots of it.

A fireside chat and a 12 million dollar bonus?
Orcish Paratroopers was his mainline.
Its hard to take a guy named Cocks seriously in the first place. Still not sure how this happened.

https://www.golocalprov.com/business...ies-violations
https://rhodeislandcurrent.com/2026/...thering-cards/


In the 76-page complaint filed in the U.S District Court of Rhode Island on Wednesday, plaintiffs Joseph Crocono and Ultan McGlone, who say they have been Hasbro shareholders who have held common stock since 2020 and 2021, respectively, claim that the company’s public statements were “materially false and misleading” on shareholder calls between 2021 and 2023.

“In order to account for shortfalls in other elements of the Company’s businesses, new Magic sets would thus be “parachuted in” to provide additional revenue. As such, the explosive growth in the Magic business noted just prior to and during the Relevant Period was in fact the result of the Parachute Strategy,” says the lawsuit.

“The BofA Report observed that ‘Magic sales nearly doubled over the course of the pandemic’ and that ‘Hasbro has kept the growth going with more frequent set releases, more product in each set and wider distribution.’ The BofA report further stated that the ‘increased supply’ of Magic had ‘caused distributors, collectors and local game stores to lose money on Magic,’” according to the lawsuit.


A former Wizards employee — dubbed “FE 1” in the complaint — alleges that Wizards began overprinting cards in 2018, effectively as an offset for shortfalls in Hasbro’s weaker-performing sectors. According to FE 1’s testimony, this so-called “parachute strategy” led the company to release sets of cards that were “intended to provide roughly $40 million to $80 million” that could compensate for shortfalls elsewhere.

"That was bad news for Hasbro, which in 2022 had spent approximately $125 million to “repurchase approximately 1.4 million shares of its own common stock at artificially inflated prices,” the complaint argues, leading the toymaker to overpay for its own stock by about $55.9 million."

A different anonymous employee, FE 6, alleges that he and other Wizards staff “viewed photographs of Magic Anniversary Sets dropped off at a Texas landfill alongside older Magic products.”




Anyway... maybe we'll get our game back soon, get a real CEO, maybe they'll sell it to Disney, etc. ]]> Vacrix https://www.mtgthesource.com/forums/showthread.php?34329-Fraud-Case-Against-Hasbro