Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Funko, Inc. (NASDAQ: FNKO) securities.
If you suffered a loss on your Funko investment and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: May 06 2022 - Mar 01 2023
CASE DETAILS: The filed complaint alleges that 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.
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