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Hasbro is facing a class-action lawsuit filed in Rhode Island federal court by a group of current and former employees. The legal action follows a data breach reported earlier this month, which raised significant concerns regarding the security of sensitive information. The lawsuit alleges gross negligence by the company in protecting personal data and a lack of transparency concerning the full extent of the breach. Plaintiffs are seeking financial damages and restitution, citing the company's failure to implement adequate cybersecurity measures. These legal pressures are expected to weigh on HAS stock as investors assess operational risks and potential litigation costs. This case highlights the growing challenges large corporations face in securing digital assets and protecting the privacy of their workforce.
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