---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-192945"
form_type: "8-K"
ticker: "FNKO"
cik: "0001704711"
company_name: "Funko, Inc."
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:29:06.330768+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Court grants preliminary approval of Funko derivative lawsuit settlement; hearing set for Nov 15, 2024

## Summary
- U.S. District Court for Central District of California issued order on July 26, 2024 granting preliminary approval of derivative settlement.
- Settlement requires Funko to adopt corporate governance measures to be maintained for at least 4 years.
- Plaintiffs' counsel may seek up to $2.15 million in attorneys' fees and expenses, subject to court approval.
- The derivative lawsuits alleged breach of fiduciary duties related to false statements about sales and inventory, and insider trading; defendants deny all allegations.
- Final approval hearing scheduled for November 15, 2024; stockholders may object by October 17, 2024.

## SEC filing metadata
- accession: 0001193125-24-192945
- form_type: 8-K
- ticker: FNKO
- cik: 0001704711
- company_name: Funko, Inc.
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704711/000119312524192945/0001193125-24-192945-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704711/000119312524192945/d867944d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-192945
- JSON: https://secwatch.observer/filing/0001193125-24-192945.json
- Plain text: https://secwatch.observer/filing/0001193125-24-192945.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.