Global Settlement Requires Funko, Inc. to Implement Key Reforms

Bragar Eagel & Squire, P.C. is excited to share news of a settlement on behalf of its client, a Funko, Inc. investor. After extensive negotiations, Bragar Eagel & Squire, P.C. helped secure a global settlement resulting in key corporate governance reforms. Among other things, these reforms require Funko to add a new independent director and to institute a new director position responsible for “re-evaluating all aspects of Funko’s business through the lens of environmental, social, and governance policy and best practices.” As a result of the global settlement, the Delaware Court of Chancery formally closed Bragar Eagel & Squire’s case at the end of 2024, since it had been successfully resolved. These reforms should go a long way in helping protect the rights of Funko, Inc.’s investors.

*Past results do not guarantee future outcomes.