Funko Investors Get Holiday Sales Derivative Suits Consolidated

Investors who accused Funko Inc.'s leadership of misleading them about lower than expected holiday sales had their cases consolidated and lead counsel selected in California federal district court.

The pop culture collectibles company’s directors also allegedly failed to disclose the likelihood of a write-down for slower moving inventory, the shareholders said in the U.S. District Court for the Central District of California. Judge Virginia A. Phillips consolidated the three shareholder derivative suits in an order docketed Wednesday.

The Rosen Law Firm PA and Gainey McKenna & Egleston will serve as co-lead counsel for the shareholders, Phillips’s order, signed June 6, ...