×
Hasbro Suit Alleges Overprinted ‘Magic: The Gathering’ Cards

Hasbro Suit Alleges Overprinted ‘Magic: The Gathering’ Cards

Tech-news ,

A recent lawsuit against Magic: The Gathering owner Hasbro claims company executives conducted gross mismanagement, breached their fiduciary duties, and performed unjust enrichment by overproducing cards for the popular game.

Filed in Rhode Island on January 21, the executives—CEO Chris Cocks, several current and past board members, and former Wizards of the Coast president Cynthia Williams—are being sued by Joseph Crocono and Ultan McGlone, who’ve held shares since the early 2020s. The pair claim that comments made during Hasbro’s shareholder calls between 2021 and 2023 were “materially false and misleading…[and] caused the Company substantial harm by causing it to repurchase its own shares at artificially inflated prices.”

Citing Magic’s popularity amongst collectors, the 76-page suit notes that cards can make “upwards of thousands of dollars on the secondary market.” To further back up its claims, the suit highlights a 2022 report from Bank of America which warned the “oversupply” of Magic cards “have propped up Hasbro’s recent results but are destroying the long-term value of the brand.” As such, the company was able to repurchase 1.4 million shares for $125 million between April and July 2022, overpaying itself by $55.9 million.

Magic: The Gathering players have noted Hasbro’s aggressive pushes in recent years, in part due to the Universes Beyond and Secret Lair crossovers with big brands. Hasbro hasn’t been shy in earnings calls about how well these sets have done, like giving a shoutout to Beyond’s Final Fantasy set in 2025 when it was a big revenue driver for the company. It’s believed that overproducing cards (particularly from September 2023 to October 2023) allowed the company to cover up for shortfalls elsewhere in its business, since it would cost less to remake new cards than to create wholly new ones.

This suit comes weeks ahead of Hasbro’s earnings call on February 10, where it’ll reveal the financial performance of Magic: The Gathering during the previous fiscal year and quarter. At time of writing, the company hasn’t publicly remarked on the suit, and io9 has reached out for comment.

[via Polygon and GoLocalProv]

Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

Source link
#Hasbro #Suit #Alleges #Overprinted #Magic #Gathering #Cards

Tag

Related Posts

The good news is that our team is still hard at work, and in addition to the deals that remain in stock, the retailers sometimes save up a few extras for the last day (like this Echo Spot that got a little cheaper). This roundup is our pride and joy; the culmination of over four days of deal hunting by our entire team. We’ve worked tirelessly for the last week and arrived at a list of over 120 discounted items (and growing) that we’re happy to share with you.

Of course, our Prime Day coverage spans every category The Verge staff touches, and is a great place to explore the full breadth of discounts we’re able to find on the stuff we’ve tested, regularly use, and love. We genuinely enjoy helping you save on cool tech and fun gadgets that are actually worth your hard-earned money, especially when everything is getting more expensive.

Smartwatch and wearable deals

Home theater and speaker deals

Update, June 26th: Struck some out of deals near the end of the sale.

#day #Prime #Day #great #deals #chooseAmazon,Amazon Alexa,Apple,Deals,Gadgets,Headphones,Laptops,Phones,Prime Day,Smart Home,Smartwatch,Tech,Toys,TVs,Verge Shopping,Wearable">It’s the last day of Prime Day — here are over 140 great deals to choose fromWe’ve arrived at the final day of Prime Day, which at this point should probably be called “Prime Week.” We’ve found discounts on all manner of gadgets, including TVs, smart home tech, chargers, headphones, and more. Some of the best deals have started selling out at some retailers, so if you’ve been craving a popular upgrade like the AirPods Max 2, time is running low.The good news is that our team is still hard at work, and in addition to the deals that remain in stock, the retailers sometimes save up a few extras for the last day (like this Echo Spot that got a little cheaper). This roundup is our pride and joy; the culmination of over four days of deal hunting by our entire team. We’ve worked tirelessly for the last week and arrived at a list of over 120 discounted items (and growing) that we’re happy to share with you.Of course, our Prime Day coverage spans every category The Verge staff touches, and is a great place to explore the full breadth of discounts we’re able to find on the stuff we’ve tested, regularly use, and love. We genuinely enjoy helping you save on cool tech and fun gadgets that are actually worth your hard-earned money, especially when everything is getting more expensive.Smartwatch and wearable dealsHome theater and speaker dealsUpdate, June 26th: Struck some out of deals near the end of the sale.#day #Prime #Day #great #deals #chooseAmazon,Amazon Alexa,Apple,Deals,Gadgets,Headphones,Laptops,Phones,Prime Day,Smart Home,Smartwatch,Tech,Toys,TVs,Verge Shopping,Wearable

TVs, smart home tech, chargers, headphones, and more. Some of the best deals have started selling out at some retailers, so if you’ve been craving a popular upgrade like the AirPods Max 2, time is running low.

The good news is that our team is still hard at work, and in addition to the deals that remain in stock, the retailers sometimes save up a few extras for the last day (like this Echo Spot that got a little cheaper). This roundup is our pride and joy; the culmination of over four days of deal hunting by our entire team. We’ve worked tirelessly for the last week and arrived at a list of over 120 discounted items (and growing) that we’re happy to share with you.

Of course, our Prime Day coverage spans every category The Verge staff touches, and is a great place to explore the full breadth of discounts we’re able to find on the stuff we’ve tested, regularly use, and love. We genuinely enjoy helping you save on cool tech and fun gadgets that are actually worth your hard-earned money, especially when everything is getting more expensive.

Smartwatch and wearable deals

Home theater and speaker deals

Update, June 26th: Struck some out of deals near the end of the sale.

#day #Prime #Day #great #deals #chooseAmazon,Amazon Alexa,Apple,Deals,Gadgets,Headphones,Laptops,Phones,Prime Day,Smart Home,Smartwatch,Tech,Toys,TVs,Verge Shopping,Wearable">It’s the last day of Prime Day — here are over 140 great deals to choose from

We’ve arrived at the final day of Prime Day, which at this point should probably be called “Prime Week.” We’ve found discounts on all manner of gadgets, including TVs, smart home tech, chargers, headphones, and more. Some of the best deals have started selling out at some retailers, so if you’ve been craving a popular upgrade like the AirPods Max 2, time is running low.

The good news is that our team is still hard at work, and in addition to the deals that remain in stock, the retailers sometimes save up a few extras for the last day (like this Echo Spot that got a little cheaper). This roundup is our pride and joy; the culmination of over four days of deal hunting by our entire team. We’ve worked tirelessly for the last week and arrived at a list of over 120 discounted items (and growing) that we’re happy to share with you.

Of course, our Prime Day coverage spans every category The Verge staff touches, and is a great place to explore the full breadth of discounts we’re able to find on the stuff we’ve tested, regularly use, and love. We genuinely enjoy helping you save on cool tech and fun gadgets that are actually worth your hard-earned money, especially when everything is getting more expensive.

Smartwatch and wearable deals

Home theater and speaker deals

Update, June 26th: Struck some out of deals near the end of the sale.

#day #Prime #Day #great #deals #chooseAmazon,Amazon Alexa,Apple,Deals,Gadgets,Headphones,Laptops,Phones,Prime Day,Smart Home,Smartwatch,Tech,Toys,TVs,Verge Shopping,Wearable
Two weeks into the ban that caused Anthropic to pull its powerful cybersecurity-oriented models, Mythos 5 and Fable 5, from the market, the Trump administration is softening its stance.

It is now allowing Anthropic to make Mythos 5 available to more than 100 specific U.S. government agencies and companies, including allowing the non-American employees at those organizations to access to the model, both Semafor and Reuters report. This list also includes Anthropic’s own non-American employees, who were included in the original ban that forbade non-Americans from accessing the models.

“I have determined that appropriate safeguards are in place to permit certain trusted partners to access the Claude Mythos 5 Model,” Commerce Secretary Howard Lutnick wrote to Anthropic’s chief compute officer Tom Brown on Friday, according to the missive seen by Semafor.

Apparently, the administration did not address the release of Fable 5 in this directive. This is a version of Mythos 5 that was widely released a couple of days before the ban because it was said to have more protections. Both models were pulled after those guardrails were allegedly bypassed easily by security researchers. Anthropic did not immediately respond to our request for comment.

Anthropic on Friday publicly acknowledged the progress in a post on X, writing: “Since June 12, we’ve been working closely with the US government to restore access to Claude Mythos 5 and Fable 5. Today, the government notified us that Mythos 5, our strongest cybersecurity model, can be redeployed to a set of US organizations that operate and defend critical infrastructure. We’re restoring access for these organizations quickly, and we’re continuing to work with the government to expand access to Mythos 5 and make Fable 5 available for general use again.”

#Trump #Admin #releases #Anthropic #Mythos #companies #agencies #TechCrunchai labs,Anthropic">Trump Admin releases Anthropic Mythos to be used by more than 100 US companies, agencies | TechCrunch Two weeks into the ban that caused Anthropic to pull its powerful cybersecurity-oriented models, Mythos 5 and Fable 5, from the market, the Trump administration is softening its stance. It is now allowing Anthropic to make Mythos 5 available to more than 100 specific U.S. government agencies and companies, including allowing the non-American employees at those organizations to access to the model, both Semafor and Reuters report. This list also includes Anthropic’s own non-American employees, who were included in the original ban that forbade non-Americans from accessing the models. “I have determined that appropriate safeguards are in place to permit certain trusted partners to access the Claude Mythos 5 Model,” Commerce Secretary Howard Lutnick wrote to Anthropic’s chief compute officer Tom Brown on Friday, according to the missive seen by Semafor. Apparently, the administration did not address the release of Fable 5 in this directive. This is a version of Mythos 5 that was widely released a couple of days before the ban because it was said to have more protections. Both models were pulled after those guardrails were allegedly bypassed easily by security researchers. Anthropic did not immediately respond to our request for comment. Anthropic on Friday publicly acknowledged the progress in a post on X, writing: “Since June 12, we’ve been working closely with the US government to restore access to Claude Mythos 5 and Fable 5. Today, the government notified us that Mythos 5, our strongest cybersecurity model, can be redeployed to a set of US organizations that operate and defend critical infrastructure. We’re restoring access for these organizations quickly, and we’re continuing to work with the government to expand access to Mythos 5 and make Fable 5 available for general use again.” #Trump #Admin #releases #Anthropic #Mythos #companies #agencies #TechCrunchai labs,Anthropic

Anthropic to pull its powerful cybersecurity-oriented models, Mythos 5 and Fable 5, from the market, the Trump administration is softening its stance.

It is now allowing Anthropic to make Mythos 5 available to more than 100 specific U.S. government agencies and companies, including allowing the non-American employees at those organizations to access to the model, both Semafor and Reuters report. This list also includes Anthropic’s own non-American employees, who were included in the original ban that forbade non-Americans from accessing the models.

“I have determined that appropriate safeguards are in place to permit certain trusted partners to access the Claude Mythos 5 Model,” Commerce Secretary Howard Lutnick wrote to Anthropic’s chief compute officer Tom Brown on Friday, according to the missive seen by Semafor.

Apparently, the administration did not address the release of Fable 5 in this directive. This is a version of Mythos 5 that was widely released a couple of days before the ban because it was said to have more protections. Both models were pulled after those guardrails were allegedly bypassed easily by security researchers. Anthropic did not immediately respond to our request for comment.

Anthropic on Friday publicly acknowledged the progress in a post on X, writing: “Since June 12, we’ve been working closely with the US government to restore access to Claude Mythos 5 and Fable 5. Today, the government notified us that Mythos 5, our strongest cybersecurity model, can be redeployed to a set of US organizations that operate and defend critical infrastructure. We’re restoring access for these organizations quickly, and we’re continuing to work with the government to expand access to Mythos 5 and make Fable 5 available for general use again.”

#Trump #Admin #releases #Anthropic #Mythos #companies #agencies #TechCrunchai labs,Anthropic">Trump Admin releases Anthropic Mythos to be used by more than 100 US companies, agencies | TechCrunch

Two weeks into the ban that caused Anthropic to pull its powerful cybersecurity-oriented models, Mythos 5 and Fable 5, from the market, the Trump administration is softening its stance.

It is now allowing Anthropic to make Mythos 5 available to more than 100 specific U.S. government agencies and companies, including allowing the non-American employees at those organizations to access to the model, both Semafor and Reuters report. This list also includes Anthropic’s own non-American employees, who were included in the original ban that forbade non-Americans from accessing the models.

“I have determined that appropriate safeguards are in place to permit certain trusted partners to access the Claude Mythos 5 Model,” Commerce Secretary Howard Lutnick wrote to Anthropic’s chief compute officer Tom Brown on Friday, according to the missive seen by Semafor.

Apparently, the administration did not address the release of Fable 5 in this directive. This is a version of Mythos 5 that was widely released a couple of days before the ban because it was said to have more protections. Both models were pulled after those guardrails were allegedly bypassed easily by security researchers. Anthropic did not immediately respond to our request for comment.

Anthropic on Friday publicly acknowledged the progress in a post on X, writing: “Since June 12, we’ve been working closely with the US government to restore access to Claude Mythos 5 and Fable 5. Today, the government notified us that Mythos 5, our strongest cybersecurity model, can be redeployed to a set of US organizations that operate and defend critical infrastructure. We’re restoring access for these organizations quickly, and we’re continuing to work with the government to expand access to Mythos 5 and make Fable 5 available for general use again.”

#Trump #Admin #releases #Anthropic #Mythos #companies #agencies #TechCrunchai labs,Anthropic
address that with its new Part Price Checker, which lets customers check the prices of genuine spare parts online before booking a repair. The user just needs to provide the device’s serial number to view the prices of ASUS spare parts. This will give them an idea of the cost of repairs before going to a service center.

Part of the ASUS Assurance Program

You Can Now Check ASUS Laptop Spare Part Prices Online Before Booking a Repair Repair costs are often unknown until you visit a service center. ASUS aims to address that with its new Part Price Checker, which lets customers check the prices of genuine spare parts online before booking a repair. The user just needs to provide the device’s serial number to view the prices of ASUS spare parts. This will give them an idea of the cost of repairs before going to a service center. Part of the ASUS Assurance Program The Part Price Checker is part of the ASUS Assurance program, which aims to make after-sales support more convenient for customers. The program is built around four key pillars: Assured Quality, Always-on Support, All-around Coverage, and Added-value Services. The new tool lets customers check the prices of genuine spare parts online before visiting a service center. This makes it easier to estimate repair costs before taking the device for service. ASUS recently expanded the availability of genuine laptop batteries through its Exclusive Stores and authorized partners across India. The Part Price Checker builds on that effort by giving customers another way to plan repairs before booking a service. Instead of guessing replacement costs, customers can determine the true cost before visiting their authorized ASUS repair facility. This enables customers to budget for the repair and schedule visits to the repair facility at a convenient time. #Check #ASUS #Laptop #Spare #Part #Prices #Online #Booking #RepairAsus

The Part Price Checker is part of the ASUS Assurance program, which aims to make after-sales support more convenient for customers. The program is built around four key pillars: Assured Quality, Always-on Support, All-around Coverage, and Added-value Services. The new tool lets customers check the prices of genuine spare parts online before visiting a service center. This makes it easier to estimate repair costs before taking the device for service.

ASUS recently expanded the availability of genuine laptop batteries through its Exclusive Stores and authorized partners across India. The Part Price Checker builds on that effort by giving customers another way to plan repairs before booking a service.

Instead of guessing replacement costs, customers can determine the true cost before visiting their authorized ASUS repair facility. This enables customers to budget for the repair and schedule visits to the repair facility at a convenient time.

#Check #ASUS #Laptop #Spare #Part #Prices #Online #Booking #RepairAsus">You Can Now Check ASUS Laptop Spare Part Prices Online Before Booking a Repair Repair costs are often unknown until you visit a service center. ASUS aims to address that with its new Part Price Checker, which lets customers check the prices of genuine spare parts online before booking a repair. The user just needs to provide the device’s serial number to view the prices of ASUS spare parts. This will give them an idea of the cost of repairs before going to a service center. Part of the ASUS Assurance Program The Part Price Checker is part of the ASUS Assurance program, which aims to make after-sales support more convenient for customers. The program is built around four key pillars: Assured Quality, Always-on Support, All-around Coverage, and Added-value Services. The new tool lets customers check the prices of genuine spare parts online before visiting a service center. This makes it easier to estimate repair costs before taking the device for service. ASUS recently expanded the availability of genuine laptop batteries through its Exclusive Stores and authorized partners across India. The Part Price Checker builds on that effort by giving customers another way to plan repairs before booking a service. Instead of guessing replacement costs, customers can determine the true cost before visiting their authorized ASUS repair facility. This enables customers to budget for the repair and schedule visits to the repair facility at a convenient time. #Check #ASUS #Laptop #Spare #Part #Prices #Online #Booking #RepairAsus

Part Price Checker, which lets customers check the prices of genuine spare parts online before booking a repair. The user just needs to provide the device’s serial number to view the prices of ASUS spare parts. This will give them an idea of the cost of repairs before going to a service center.

Part of the ASUS Assurance Program

You Can Now Check ASUS Laptop Spare Part Prices Online Before Booking a Repair Repair costs are often unknown until you visit a service center. ASUS aims to address that with its new Part Price Checker, which lets customers check the prices of genuine spare parts online before booking a repair. The user just needs to provide the device’s serial number to view the prices of ASUS spare parts. This will give them an idea of the cost of repairs before going to a service center. Part of the ASUS Assurance Program The Part Price Checker is part of the ASUS Assurance program, which aims to make after-sales support more convenient for customers. The program is built around four key pillars: Assured Quality, Always-on Support, All-around Coverage, and Added-value Services. The new tool lets customers check the prices of genuine spare parts online before visiting a service center. This makes it easier to estimate repair costs before taking the device for service. ASUS recently expanded the availability of genuine laptop batteries through its Exclusive Stores and authorized partners across India. The Part Price Checker builds on that effort by giving customers another way to plan repairs before booking a service. Instead of guessing replacement costs, customers can determine the true cost before visiting their authorized ASUS repair facility. This enables customers to budget for the repair and schedule visits to the repair facility at a convenient time. #Check #ASUS #Laptop #Spare #Part #Prices #Online #Booking #RepairAsus

The Part Price Checker is part of the ASUS Assurance program, which aims to make after-sales support more convenient for customers. The program is built around four key pillars: Assured Quality, Always-on Support, All-around Coverage, and Added-value Services. The new tool lets customers check the prices of genuine spare parts online before visiting a service center. This makes it easier to estimate repair costs before taking the device for service.

ASUS recently expanded the availability of genuine laptop batteries through its Exclusive Stores and authorized partners across India. The Part Price Checker builds on that effort by giving customers another way to plan repairs before booking a service.

Instead of guessing replacement costs, customers can determine the true cost before visiting their authorized ASUS repair facility. This enables customers to budget for the repair and schedule visits to the repair facility at a convenient time.

#Check #ASUS #Laptop #Spare #Part #Prices #Online #Booking #RepairAsus">You Can Now Check ASUS Laptop Spare Part Prices Online Before Booking a Repair

Repair costs are often unknown until you visit a service center. ASUS aims to address that with its new Part Price Checker, which lets customers check the prices of genuine spare parts online before booking a repair. The user just needs to provide the device’s serial number to view the prices of ASUS spare parts. This will give them an idea of the cost of repairs before going to a service center.

Part of the ASUS Assurance Program

You Can Now Check ASUS Laptop Spare Part Prices Online Before Booking a Repair Repair costs are often unknown until you visit a service center. ASUS aims to address that with its new Part Price Checker, which lets customers check the prices of genuine spare parts online before booking a repair. The user just needs to provide the device’s serial number to view the prices of ASUS spare parts. This will give them an idea of the cost of repairs before going to a service center. Part of the ASUS Assurance Program The Part Price Checker is part of the ASUS Assurance program, which aims to make after-sales support more convenient for customers. The program is built around four key pillars: Assured Quality, Always-on Support, All-around Coverage, and Added-value Services. The new tool lets customers check the prices of genuine spare parts online before visiting a service center. This makes it easier to estimate repair costs before taking the device for service. ASUS recently expanded the availability of genuine laptop batteries through its Exclusive Stores and authorized partners across India. The Part Price Checker builds on that effort by giving customers another way to plan repairs before booking a service. Instead of guessing replacement costs, customers can determine the true cost before visiting their authorized ASUS repair facility. This enables customers to budget for the repair and schedule visits to the repair facility at a convenient time. #Check #ASUS #Laptop #Spare #Part #Prices #Online #Booking #RepairAsus

The Part Price Checker is part of the ASUS Assurance program, which aims to make after-sales support more convenient for customers. The program is built around four key pillars: Assured Quality, Always-on Support, All-around Coverage, and Added-value Services. The new tool lets customers check the prices of genuine spare parts online before visiting a service center. This makes it easier to estimate repair costs before taking the device for service.

ASUS recently expanded the availability of genuine laptop batteries through its Exclusive Stores and authorized partners across India. The Part Price Checker builds on that effort by giving customers another way to plan repairs before booking a service.

Instead of guessing replacement costs, customers can determine the true cost before visiting their authorized ASUS repair facility. This enables customers to budget for the repair and schedule visits to the repair facility at a convenient time.

#Check #ASUS #Laptop #Spare #Part #Prices #Online #Booking #RepairAsus

Post Comment