Hasbro Fires Exec, Claiming Embezzlement

Toymaker Hasbro (HAS Quote) has fired and is suing a top executive at its Wizards of the Coast subsidiary for allegedly embezzling funds, the company confirmed Thursday.

Tom Federline, former senior vice president of operations at Renton, Wash.-based Wizards, which produces trading cards and role-playing games, was fired for "improper purchasing practices and falsifying expense reports," according to Wayne Charness, a spokesman at Hasbro. In addition, a consultant to the company is also being sued for the same offense.

Charness declined to say how much Hasbro, based in Pawtucket, R.I., is hoping to recoup, but a report on the Web site gamingreport.com describes it as a "multimillion-dollar lawsuit." Federline couldn't immediately be reached for comment. ...