CLASS ACTION UPDATE for ADDYY, VIRT and FNKO: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / June 21, 2023 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

ADDYY Shareholders Click Here: https://zlk.com/pslra-1/adidas-lawsuit-submission-form?prid=41185&wire=1
VIRT Shareholders Click Here: https://zlk.com/pslra-1/virtu-lawsuit-submission-form?prid=41185&wire=1
FNKO Shareholders Click Here: https://zlk.com/pslra-1/funko-lawsuit-submission-form?prid=41185&wire=1

* ADDITIONAL INFORMATION BELOW *

adidas AG (OTCQX:ADDYY)

ADDYY Lawsuit on behalf of: investors who purchased May 3, 2018 - February 21, 2023
Lead Plaintiff Deadline: June 27, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/adidas-lawsuit-submission-form?prid=41185&wire=1

According to the filed complaint, during the class period, adidas AG made materially false and/or misleading statements and/or failed to disclose that: (1) In addition to other misconduct, Kanye West made anti-Semitic comments in front of adidas staff, and even suggested naming an album after Adolf Hitler; (2) adidas was aware of his behavior, and failed to warn investors that it was aware of that behavior, and had considered ending the Partnership as a result of it; (3) adidas failed to take meaningful precautionary measures to limit negative financial exposure if the Partnership were to end as a result of West's behavior; (4) adidas overstated the risk mitigation measures it took with regard to Yeezy shoes in the event that it terminated the Partnership; (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Virtu Financial, Inc. (NASDAQ:VIRT)

VIRT Lawsuit on behalf of: investors who purchased March 1, 2019 - April 28, 2023
Lead Plaintiff Deadline: July 18, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/virtu-lawsuit-submission-form?prid=41185&wire=1

According to the filed complaint, during the class period, Virtu Financial, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the Company maintained deficient policies and procedures with respect to its information access barriers; (ii) accordingly, Virtu had overstated the Company's operational and technological efficacy as well as its capacity to block the exchange of confidential information between departments or individuals within the Company; (iii) the foregoing deficiencies increased the likelihood that the Company would be subject to enhanced regulatory scrutiny; and (iv) as a result, defendants' public statements were materially false and/or misleading at all relevant times.

Funko, Inc. (NASDAQ:FNKO)

FNKO Lawsuit on behalf of: investors who purchased May 6, 2022 - March 1, 2023
Lead Plaintiff Deadline: August 1, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/funko-lawsuit-submission-form?prid=41185&wire=1

According to the filed complaint, during the class period, Funko, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Funko was experiencing significantly larger delays in implementing its enterprise resource planning ("ERP") software than it was disclosing to investors; (ii) having moved into a new warehouse without functioning ERP software in place would lead to dramatically higher costs and poorer inventory management practices; and (iii) Funko's inability to efficiently operate the new distribution center would have a substantial, undisclosed impact on Funko's earnings before interest, taxes, depreciation, and amortization ("EBITDA") margin.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 4th Floor Suite #427
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

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