Grabar Law Office Investigates Potential Shareholder Derivative Action On Behalf of Shareholders of Funko, Inc. (NASDAQ: FNKO)

The investigation focuses on whether the Company’s Board of Directors and/or officers breached their fiduciary duties and have caused substantial harm to Funko.

It is alleged that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects including failing to disclose that: (i) the Company was experiencing lower than expected sales; was thus (ii) likely to incur a write-down for slower moving inventory; and (iii) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis. As the truth emerged, shares plummeted more than 40%.

Funko shareholders who have held shares continuously since at least October 13, 2019 have standing to seek corporate governance reforms, and possibly the return of funds back to company coffers and a court approved incentive award if appropriate.

If you would like to learn more at no cost to you, fill out the form provided or contact us at [email protected].