The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action, Proposed Settlement, and Motion for Attorneys’ Fees and Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional information.
If you are a Class member, your legal rights will be affected by this Settlement whether you act or do not act.
Please read the Notice carefully.
IF YOU PURCHASED, OR OTHERWISE ACQUIRED FUNKO COMMON STOCK PURSUANT TO OR TRACEABLE TO THE REGISTRATION STATEMENT AND PROSPECTUS ISSUED IN CONNECTION WITH FUNKO’S NOVEMBER 1, 2017 IPO, YOU MAY BE ENTITLED TO A PAYMENT FROM THE CLASS ACTION SETTLEMENT.
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SUBMIT A CLAIM FORM ONLINE, OR BY MAIL AND POSTMARKED, NO LATER THAN JULY 2, 2025. |
The only way to get payment. See question 8 of the Notice for details. |
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Get no payment. This is the only option that, assuming your claim is timely brought, might allow you to ever bring or be part of any other lawsuit against Defendants and/or the other Released Defendant Parties concerning the Released Plaintiffs’ Claims. See question 10 of the Notice for details. |
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OBJECT BY MAY 16, 2025. |
Write to the Court about why you do not like the Settlement, the Plan of Allocation for distributing the proceeds of the Settlement, and/or Class Counsel’s Fee and Expense Application. If you object, you will still be in the Class. See question 14 of the Notice for details. |
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PARTICIPATE IN A HEARING ON JUNE 6, 2025 AT 9:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR NO LATER THAN |
Ask to speak in Court at the Settlement Hearing about the Settlement. See question 18 of the Notice for details. |
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DO NOTHING. |
Get no payment. Give up your rights. Still be bound by the terms of the Settlement. |
How do I know if I am part of the Class?
For the purposes of settlement, everyone who fits the following description is a Class member:
All Persons who purchased or otherwise acquired Funko, Inc. (“Funko”) common stock pursuant to or traceable to the Registration Statement and Prospectus issued in connection with Funko’s November 1, 2017 Initial Public Offering (“IPO”).
Please read Paragraph 14 of the Notice for exceptions to inclusion in the Class.
How much will my payment be?
At this time, it is not possible to make a determination as to how much any individual Class member may receive from the Settlement.
In exchange for the Settlement and the release of the Released Plaintiffs’ Claims against the Released Defendant Parties, Funko has agreed to pay, or cause to be paid, a $14.75 million ($14,750,000) cash payment, which, along with any interest earned, will be distributed after deduction of Court-awarded attorneys’ fees and Litigation Expenses, Notice and Administration Expenses, Taxes, and any other fees or expenses approved by the Court (the “Net Settlement Fund”), to members of the Class who submit valid and timely Claim Forms and are found to be eligible to receive a distribution from the Net Settlement Fund.
The Net Settlement Fund will not be distributed unless and until the Court has approved the Settlement and a plan of allocation, and the time for any petition for rehearing, appeal, or review, whether by certiorari or otherwise, has expired.
The Settlement Hearing
The Court will hold the Settlement Hearing on June 6, 2025, at 9:00 a.m., in Courtroom E-863 at the King County Courthouse, 516 3rd Avenue, Seattle, WA 98104.
At this hearing, the Honorable Karen Donohue will consider whether: (i) the Settlement is fair, reasonable, adequate, and should be approved; (ii) the Plan of Allocation is fair and reasonable, and should be approved; and (iii) the application of Class Counsel for an award of attorneys’ fees, payment of Litigation Expenses, and awards to Class Representatives is reasonable and should be approved. The Court will take into consideration any written objections filed in accordance with the instructions on page 9 of the Notice. We do not know how long it will take the Court to make these decisions.
Class members do not need to attend the Settlement Hearing. The Court will consider any submission made in accordance with the provisions set forth in the Notice, even if a Class member does not attend the hearing. You can participate in the Settlement without attending the Settlement Hearing.
Further Information
For more details regarding this case, please reference the documents filed in the case under the “Court Documents” section at the top of this website. You may also contact the Claims Administrator or Class Counsel for further information regarding this case.
Claims Administrator:
Funko Securities Settlement
Claims Administrator
c/o A.B. Data, Ltd.
PO Box 173109
Milwaukee, WI 53217
Email: info@funkosecuritiessettlement.com
Telephone: (877) 777-9555
Class Counsel:
Robbins Geller Rudman & Dowd LLP
Ellen Gusikoff Stewart
655 West Broadway, Suite 1900
San Diego, CA 92101
Email: settlementinfo@rgrdlaw.com
Telephone: (800) 449-4900
Stull, Stull & Brody
Aaron Brody
6 East 45th Street, Suite 1500
New York, NY 10017
Email: abrody@ssbny.com
Telephone: (212) 687-7230