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Funko Investor Sues In Del. For Docs On $100M Stock Deal
Law360 (December 14, 2020, 5:42 PM EST) -- A Funko stockholder has sued the consumer collectibles company in Delaware's Chancery Court seeking access to records to determine if there was any wrongdoing in connection with the sale of $100 million in stock by the company's CEO and controlling shareholder.
In a suit made public Friday, investor Herbert Silverberg said he wants to investigate the sale of roughly $100 million in company stock during a secondary public offering by Funko Inc. CEO Brian Mariotti and an affiliate of private equity firm ACON Investments LLC. Mariotti sold 400,000 shares and ACON sold 3.6 million shares, both at $25.42 per share, according...