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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Funko, Inc. (NASDAQ: FNKO) from October 31, 2019 through March 5, 2020 (the “Class Period”). The lawsuit seeks to recover damages for Funko, Inc. investors under the federal securities laws.
If you bought Funko, Inc. securities between October 31, 2019 through March 5, 2020, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Funko, Inc. – FNKO
New York, N.Y., March 13, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Funko, Inc. (NASDAQ: FNKO) between October 31, 2019 and March 5, 2020, inclusive (the “Class Period”).
To join the FNKO class action, go to http://zhanginvestorlaw.com/cases/funko-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE LEAD PLAINTIFF TO OBTAIN COMPENSATION.
According to the lawsuit, throughout the Class Period (1) Funko was experiencing lower than expected sales; (2) as a result, Funko was reasonably likely to incur a writedown for slower moving inventory; and (3) 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. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 11, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/funko-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.