>>7212519Kind of. Without having read the complaint and just speculating, the issue is not necessarily that Hasbro knew TRU was going to file bankruptcy, but that Hasbro knew (or should have known) that TRU was going to be buying less toys than before. And it's not just TRU, the plaintiffs are also claiming other unspecified events that were negatively affecting Hasbro's sales prospects, and which Hasbro should have been aware of.
So in general, the key to the case is that Hasbro knew (or should have known) its sales were going to slow down, but Hasbro purposely withheld that info from investors. Again, just going by what's in the article, the plaintiffs appear to be using the thing with TRU to establish some factual plausibility to their claim ("Hasbro said they anticipated X sales to TRU, investors relied on that info, TRU is dead and ain't buying jack, thus Hasbro's info had to be wrong when they provided it!") so that they can proceed with the case and get into discovery.
