Company: Funko, Inc.
Class Period: November 1, 2017 — June 4, 2018
Court: U.S.D.C. – Western District of Washington
Deadline: December 17, 2018
Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Funko, Inc. (NASDAQ: FNKO) (“Funko” or the “Company”) on behalf of investors who purchased the Company’s common stock on or after November 1, 2017.
On or around November 1, 2017, Funko completed an initial public offering (“IPO”) of its stock, selling over 10 million shares of common stock to investors at $12.00 per share. According to the Complaint, the defendants failed to disclose, in connection with the IPO, that: (i) Funko’s profits and growth were not as positive as Funko represented; (ii) Funko’s business model and customer base had not insulated it from adverse industry, sales, and earnings trends; and (iii) as a result, defendants’ statements regarding Funko’s business, operations and prospects were materially false and/or misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
IMPORTANT DEADLINE: Investors who purchased Funko’s common stock on or after November 1, 2017 may, no later than December 17, 2018, seek to be appointed as a lead plaintiff representative of the class.
Investors who purchased Funko’s common stock and suffered an investment loss in excess of $50,000 are encouraged to contact Kaskela Law at (888) 715 – 1740, or complete the information form on this page, for additional information about this action and their recovery options.