Published
April 6, 2025
Updated
July 29, 2026
This settlement resolves securities claims that Funko's November 2017 IPO documents misstated or omitted material information. It covers investors who bought stock traceable to that offering — not Funko Pop collectors — and the claim window closed in July 2025.
Current Status
Claims are closed. The deadline to submit a Proof of Claim was July 2, 2025, and new claims are no longer accepted. The court preliminarily approved the settlement on February 12, 2025, the $14.75 million was funded on February 25, 2025, and the court granted final approval on June 6, 2025. As of July 29, 2026, no official notice that the distribution to authorized claimants has been completed had been located. Anyone who filed should rely on the official settlement website and communications tied to their own claim number.StatusFinal Approval Granted June 6, 2025No distribution-completion date located as of July 29, 2026.
Claim DeadlineJuly 2, 2025New claims are not accepted.
Estimated Recovery$0.57 – $0.91 per shareEstimate before pro rata adjustment · $14,750,000 fund
Proof RequiredYesA Proof of Claim with brokerage records, signed under penalty of perjury.
What Was the Case About?
The consolidated complaint alleged that Funko violated Sections 11, 12 and 15 of the Securities Act of 1933 by making materially misleading statements in the documents filed with the SEC in connection with its initial public offering, and by omitting material facts needed to make those statements not misleading. Plaintiffs alleged the alleged misstatements affected the value of the common stock sold in and traceable to the offering.The parties reached a settlement in principle on October 21, 2024, and Funko recorded a $14.75 million liability on its balance sheet as of December 31, 2024. The settlement resolves the claims without any admission of wrongdoing.
Note that this is a shareholder case, not a consumer case. It has nothing to do with buying Funko Pop figures — only with owning the stock.
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Who Was Covered?
The class covered all persons who purchased or otherwise acquired Funko common stock pursuant to or traceable to the Registration Statement and Prospectus issued in connection with Funko, Inc.'s November 1, 2017 initial public offering.How Much Could Claimants Get?
The estimated recovery was $0.57 to $0.91 per damaged share before pro rata adjustment. As with any securities settlement, the actual per-share figure depends on the total number of valid claims and recognized losses across the class, and on court-approved deductions for attorneys' fees, costs and administration. A claimant's individual recovery therefore is not known until the administrator completes its calculations.What Proof Was Required?
Yes — this was a documentation-heavy claim. Class members had to submit a completed Proof of Claim form supported by the records specified in the form, typically brokerage confirmations or account statements establishing the purchase and sale history of the shares, and sign under penalty of perjury. Securities settlements almost always require this level of documentation because recovery is calculated from each claimant's transaction history.What Happens Next?
With final approval entered on June 6, 2025, the remaining steps are resolution of any appeal and the administrator's distribution of the net fund to authorized claimants. Securities distributions commonly take a year or more after final approval because every claim must be validated against transaction records. No distribution-completion date had been announced as of July 29, 2026. Updates are posted on the official settlement website.Official information is available at Funko Securities Settlement.
Important Dates
• Funko IPO: November 1, 2017• Settlement in principle: October 21, 2024
• Preliminary approval: February 12, 2025
• Settlement funded: February 25, 2025
• Objection deadline: May 16, 2025
• Settlement hearing: June 6, 2025
• Final approval granted: June 6, 2025
• Claim deadline: July 2, 2025
Sources
• Official settlement website: Funko Securities Settlement• Funko, Inc. SEC filings describing the settlement accrual and approval
• In re Funko, Inc. Securities Litigation
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Settlement Fund
$14,750,000
Case Title
In re Funko, Inc. Securities Litigation
Company
Funko, Inc. (FNKO)
Statutes
Securities Act of 1933, Sections 11, 12 and 15
Claim Deadline
July 2, 2025
Status
Final Approval Granted June 6, 2025
Official Website
Funko Securities Settlement
