$14.75M Funko securities class action settlement

Funko Inc. agreed to a $14.75 million class action lawsuit settlement to resolve claims it misled investors about its financial health before an initial public offering (IPO).

The Funko securities class action settlement benefits consumers who purchased Funko common stock through the company’s IPO on Nov. 1, 2017.

Funko is a pop culture collectibles company that sells products based on TV shows, movies and video games. The company went public in November 2017.

According to a class action lawsuit, Funko misled investors about its financial health before its IPO. Specifically, Funko allegedly hid its reliance on “channel stuffing,” a practice where a company ships more products to retailers than they can sell to inflate sales numbers.

The Funko class action lawsuit claims the company’s misleading statements caused its stock to trade at artificially inflated prices. When the truth about Funko’s financial health was revealed, the company’s stock price allegedly dropped, causing investors to suffer losses.

Funko has not admitted any wrongdoing but agreed to pay $14.75 million to resolve the allegations.

Under the terms of the Funko securities settlement, class members can receive a cash payment based on the number of shares they purchased and sold during the class period.

Class members who purchased shares in the IPO and sold them before June 30, 2018, can receive a payment based on the difference between the purchase price and the sales price. These payments will vary depending on the number of shares purchased and sold.

Class members who purchased shares in the IPO and still hold them can receive a payment of up to $0.91 per share, depending on the number of shares held.

Exact payment amounts will vary depending on the number of claims filed with the settlement.

The deadline for exclusion and objection is May 16, 2025.

The final approval hearing for the Funko class action lawsuit settlement is scheduled for June 6, 2025.

To receive a settlement payment, class members must submit a valid claim form by July 2, 2025.

Who’s Eligible

All persons who purchased or otherwise acquired Funko common stock in connection with Funko’s IPO on Nov. 1, 2017.

Potential Award

Varies

Proof of Purchase

Documentation traceable to the registration statement and prospectus issued by Funko in connection with the IPO.

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

07/02/2025

Case Name

In re Funko Inc. Securities Litigation, Case No. 17-2-29838-7 SEA, in the Superior Court of Washington for King County

Final Hearing

06/06/2025

Settlement Website

FunkoSecuritiessettlement.com

Claims Administrator

A.B. Data Ltd.
P.O. Box 173109
Milwaukee, WI 53217
[email protected]
877-777-9555

Class Counsel

Ellen Stewart
ROBBINS GELLER RUDMAN & DOWD LLP

Aaron Brody
STULL, STULL & BRODY

Defense Counsel

Thomas Giblin
LATHAM & WATKINS LLP