Some Hasbro Shareholders Are Suing the Company Over Magic: the Gathering Sales

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A group of Hasbro investors are taking legal action against the company, claiming poor decisions have been made regarding the popular card game, Magic: the Gathering. Hasbro is a major entertainment company with a wide range of products, including video games, toys, and collectible card games like Magic: the Gathering, which is a globally recognized and cherished trading card game. These shareholders specifically disagree with how Hasbro has been handling the game recently.

The collectible card game Magic: The Gathering has changed a lot recently. Collaborations with other popular franchises, like Final Fantasy and Spider-Man, have become common, growing from small releases into entire expansion sets. The company behind Magic, Wizards of the Coast and its parent company Hasbro, have also increased how often they release new sets – currently six per year, with plans for seven in 2026. Now, some investors in Hasbro are voicing their concerns about how the game is being managed.

Hasbro is Being Sued Over Magic: the Gathering

Hasbro is facing a lawsuit from its shareholders, who claim the company is mismanaging the popular card game Magic: the Gathering. Led by Joseph Crocono and Ultan McGlone, the shareholders argue that Hasbro has been releasing too many Magic: the Gathering expansions, which is quickly decreasing the value of older sets. They point to a significant increase in both full expansions and the frequent ‘Secret Lair’ releases as evidence. The lawsuit accuses Hasbro of failing its responsibilities to shareholders, misusing company funds, and violating financial regulations.

The lawsuit against Hasbro and Wizards of the Coast isn’t just about the increasing number of Magic: The Gathering sets being released. A key complaint focuses on the 30th Anniversary Edition, which players claim was falsely reported as sold out. The lawsuit alleges that Hasbro stopped sales of the set less than an hour after it launched, and that unsold copies ended up being discarded in Texas landfills. This special edition was already controversial due to its high $1,000 price and the fact that it reprinted rare and valuable cards like Black Lotus.

Magic’s Product Cycle Has Been Subject to Significant Criticism

A lawsuit involving Magic: The Gathering has raised concerns about how Hasbro manages the game. The suit alleges that Hasbro relies on new Magic releases to compensate for underperforming products in other areas of the business, essentially using Magic as a financial safety net. Specifically, releases like Secret Lairs and the Baldur’s Gate crossover were mentioned, with the lawsuit claiming these “parachute sets” accounted for over 40% of all Magic: The Gathering releases in 2022. Hasbro has officially refuted these claims, stating that all releases are part of a planned strategy for the game.

2026 is shaping up to be a busy year for Magic: The Gathering, with new sets releasing frequently. The year began with Lorwyn Eclipsed, a return to the popular Lorwyn and Shadowmoor worlds. More in-universe sets, Secrets of Strixhaven and Reality Fracture, are planned, along with exciting crossovers featuring Teenage Mutant Ninja Turtles, Marvel Super Heroes, The Hobbit, and Star Trek. However, a recent lawsuit could potentially overshadow what promises to be a significant year for the popular trading card game.

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2026-01-25 01:39