Kartoon Studios receives $50M settlement in Augenbaum lawsuit; court approves

Kartoon Studios, Inc.

• Settling Party agreed to pay $50,000,000 minus plaintiff's counsel fees and expenses.
• Court approved the settlement agreement on June 11, 2026.
• Action continues against the two remaining defendants who have not settled.
• Company entered into settlement with an additional party in the Augenbaum v. Anson Investments case.