Everett took a big hit when Funko moved a large part of its operations to Arizona. Now, the bobblehead company faces a class action lawsuit from its investors.
The suit alleged that the company failed to tell investors that it was experiencing significant delays in the rollout of a new software program, critical “to the efficient operation of its new distribution center,” according to court documents obtained byIn fact, one investor described the move from Everett to Arizona as “disastrous.”The suit was filed in U.S. District Court last Friday.
The lawsuit said Funko “repeatedly spoke of the necessity for these upgrades to serve current and future business needs. However, these statements were materially false and misleading or failed to disclose material information necessary to make these statements not misleading.”Seattle MLB All-Star Game ‘Clean-up’ not without controversyFunko is known for its small, vinyl pop culture figures, board games, action toys, and accessories.
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