New York, New York--(Newsfile Corp. - July 3, 2023) - Scott+Scott Attorneys at Law LLP ("Scott+Scott"), an international shareholder and consumer rights litigation firm, is reminding investors that the deadline to move for lead plaintiff in a securities class action lawsuit against Funko, Inc. (NASDAQ: FNKO) ("Funko" or the "Company") and certain other defendants (collectively, "Defendants") is August 1, 2023.
CLICK HERE TO RECEIVE ADDITIONAL INFORMATION ABOUT THIS CLASS ACTION
The action, which was filed in the U.S. District Court for the Western District of Washington asserts claims under §§10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") on behalf of a class consisting of all persons who purchased or otherwise acquired Funko common stock between May 6, 2022 and March 1, 2023, inclusive (the "Class Period"), and who were damaged thereby (the "Class").
The complaint alleges that Defendants failed to disclose to investors that: (1) Funko was experiencing significantly larger delays in implementing its ERP software; (2) Funko faced dramatically higher costs and relied on poor inventory management practices when in moved into a new warehouse without functioning ERP software in place; and (3) Funko's inability to efficiently operate the new distribution center would have a substantial, undisclosed impact on Funko's EBITDA margin. When the truth reached the market, the lawsuit claims that Funko's share price declined causing investors to suffer damages.
Lead Plaintiff Deadline
The Lead Plaintiff deadline in this action is August 1, 2023. Any member of the proposed Class may seek to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class.
What You Can Do - CLICK HERE
If you purchased Funko common stock during the Class Period, and suffered damages, realized or unrealized, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312, or jzimmerman@scott-scott.com, for more information.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.
Attorney Advertising
CONTACT:
Scott+Scott Attorneys at Law LLP
Jonathan Zimmerman
(888) 398-9312
jzimmerman@scott-scott.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/172193
