A lawsuit claiming that Wizards of the Coast was harming its Magic: The Gathering brand by overprinting card was voluntarily dismissed last week, bringing this chapter of the lawsuit to an end. Earlier this year, Hasbro shareholders Joseph Crocono and Ultan McGlone filed a lawsuit against Hasbro and several of its executives claiming that Hasbro CEO Chris Cocks and others had made misleading comments about the printing strategy for Magic: The Gathering. The lawsuit claimed that the overprinting of Magic sets, which has increased exponentially in recent years, had weakened confidence of the brand and also resulted in a temporarily inflated stock price, influencing a stock buyback and ultimately resulting in a significant loss back in 2022.
One claim made in the lawsuit was that Wizards artificially overhyped the performance of its 30th anniversary set, which sold for $999. While Wizards claimed that the set sold out in an hour, the lawsuit claimed that leftover stock was dumped at a Texas landfill, reinforcing claims of misleading the public about its performance.
However, a year-end earnings report for Hasbro shows that Magic: The Gathering continues to be the primary revenue mover for Hasbro, accounting for a major part of Hasbro’s 14% sales growth compared to 2024. Overall, Wizards of the Coast’s revenue grew by 45% in 2025, largely due to Magic: The Gathering’s performance.
As the lawsuit was voluntarily dismissed, it can be refiled at a later date. No reason was given for why the lawsuit was dismissed, nor has its plaintiffs commented on the dismissal.
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