Funko Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Funko Inc |
Stock Symbol : | NASDAQ: FNKO |
Class Period Start: | 10/31/2019 |
Class Period End: | 03/05/2020 |
Lead Plaintiff motion: | 05/11/2020 |
Date Filed: | 03/10/2020 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Central District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the May 11, 2020 lead plaintiff deadline in a class action lawsuit filed against Funko Inc (NASDAQ: FNKO) (“Funko” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Funko Inc securities between October 31, 2019 and March 5, 2020, have until May 11, 2020 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Funko Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Funko was experiencing lower than expected sales; as a result, Funko was reasonably likely to incur a write down for slower moving inventory; and 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. On February 5, 2020, the Company issued a press release announcing preliminary fourth quarter 2019 financial results. Therein, Funko stated that "[n]et sales are expected to be approximately $214 million, a decrease of 8% compared to $233 million in the fourth quarter of 2018." Following this news, the Company’s share price fell $6.20, over 40%, to close at $9.29 per share on February 6, 2020, on unusually heavy trading volume. If you were negatively impacted by your investment in Funko Inc securities between October 31, 2019 and March 5, 2020 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |