Hasbro shareholders sue over alleged mismanagement of Magic: the Gathering

[AIcash]

A group of Hasbro shareholders has filed a lawsuit accusing the company of mismanaging its Magic: the Gathering brand through excessive product releases and controversial decisions.

Led by shareholders Joseph Crocono and Ultan McGlone, the suit alleges that Hasbro and its subsidiary Wizards of the Coast flooded the market with too many Magic expansions, causing older sets to rapidly lose value. The complaint points to an expanding release schedule, including six Standard-legal sets per year and a growing number of Secret Lair drops.

The lawsuit claims breaches of fiduciary duty, waste of corporate assets, and violations of securities law. Hasbro has denied the allegations, saying its Magic strategy aligns with a long-term business plan.

[kevin1]

flooding the market with sets was obviously gonna catch up to them eventually

[JanEmil]

Don't all flood the market if they get a chance? When I buy Pokémon I don't even know what the newest pack are any more.

[Revenant]

Oversaturation always kills long-term value.

[The_Walking_Dead]

Short-term revenue vs brand trust — classic mistake.

[Capybara_Capybara]

Collectibles need scarcity, not constant dilution.