FNKO - FUNKO INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti LLC Investigates the Officers and Directors of Funko Inc. - FNKO | Benzinga
NEW ORLEANS, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Funko, Inc. (NASDAQ:FNKO).
On March 1, 2023, the Company disclosed that, despite its prior assurances regarding the move of its distribution center and the planned upgrade of the Company's enterprise resource planning (ERP) software system, gross margin for 4Q2022 had decreased due primarily to "storage and container rental charges associated with inventory in excess of warehouse capacity," as well as "a $32.5 million write ...