Energy News / Shareholders Foundation, Inc.

Lawsuit for Investors Alleges Misleading Statements by Funko Inc (NASDAQ:FNKO)

Via: ReleaseWire

Updated 10:10 AM CDT, Wed, April 18,2018

A lawsuit was filed on behalf of investors in Funko Inc (NASDAQ:FNKO) shares over alleged securities laws violations.

San Diego, CA -- (ReleaseWire) -- 04/18/2018 -- An investor, who purchased shares of Funko Inc (NASDAQ:FNKO), filed a lawsuit over alleged violations of Federal Securities Laws by Funko Inc in connection with the Company's November 1, 2017 initial public offering ("IPO").

Investors who purchased shares of Funko Inc (NASDAQ:FNKO) have certain options and for certain investors are short and strict deadlines running. Deadline: June 4, 2018. NASDAQ:FNKO investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges that the Company's Registration Statement and Prospectus issued in connection with the IPO were materially misleading by failing to disclose known trends in the Company's sales and inventory.

Everett, WA based Funko Inc went public in early November 2017 and its shares reached as high as $8.71 per share in early December 2017.

Since then Funko Inc has faced media scrutiny concerning what one outlet referred to as "fun-house accounting." On January 5, 2017, Funko's stock price closed at $6.12, which was a decline of $5.88, or 49%, from the IPO price of $12.00 per share.

Those who purchased shares of Funko Inc (NASDAQ:FNKO) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/lawsuit-for-investors-alleges-misleading-statements-by-funko-inc-nasdaqfnko-964736.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com