LegalJun 16, 2026, 12:47 PM
Kartoon Studios Corrects Settlement Amount to $50,000,000
AI Summary
Kartoon Studios, Inc. filed an amendment to its Form 8-K to correct a clerical error regarding a previously disclosed settlement amount. The company announced the correct settlement amount of $50,000,000 from an additional settling party in the Augenbaum v. Anson Investments Master Fund LP et al. action. The court approved this settlement on June 11, 2026, and all settlement agreements with settling parties are now approved, though the action continues against two remaining defendants.
Key Highlights
- Corrected settlement amount disclosed as $50,000,000.
- Settlement is with an additional party in the Augenbaum v. Anson Investments Master Fund LP et al. action.
- The Settling Party agreed to pay Kartoon Studios $50,000,000 minus fees and expenses.
- Court approved the settlement agreement on June 11, 2026.
- All settlement agreements with settling parties have now been approved.
- The legal action continues against two remaining defendants.
Price Impact
More from TOON