FNKO LAWSUIT ALERT: Levi & Korsinsky Notifies Funko, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

PRESS RELEASE
Published August 1, 2023

NEW YORK, NY / ACCESSWIRE / August 1, 2023 / Levi & Korsinsky, LLP notifies investors in Funko, Inc. ("Funko" or the "Company") (NASDAQ:FNKO) of a class action securities lawsuit.

The lawsuit on behalf of Funko investors has been commenced in the United States District Court for the Western District of Washington. Affected investors purchased or otherwise acquired certain Funko, Inc. securities between May 6, 2022 and March 1, 2023. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/funko-lawsuit-submission-form?prid=42873&wire=1

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

Funko, Inc. NEWS - FNKO NEWS

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed 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.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Funko during the relevant timeframe, you have until August 1, 2023 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.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://zlk.com/pslra-1/funko-lawsuit-submission-form?prid=42873&wire=1 or call 212-363-7500 to discuss the case.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed 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



View source version on accesswire.com:
https://www.accesswire.com/771520/FNKO-LAWSUIT-ALERT-Levi-Korsinsky-Notifies-Funko-Inc-Investors-of-a-Class-Action-Lawsuit-and-Upcoming-Deadline

ACCESSWIRE

News network reaching more than 1,500 media outlets in 98 countries. The newest, fastest-growing and most disruptive newswire available today.