LegalJun 16, 2026, 09:01 AM
Kartoon Studios Secures $50M Settlement in Lawsuit
AI Summary
Kartoon Studios, Inc. announced a settlement agreement on June 11, 2026, with an additional party in the ongoing Augenbaum v. Anson Investments Master Fund LP et al. lawsuit. Under the terms, the company will receive aggregate settlement payments of $50,000,000, less fees and expenses for plaintiff's counsel. The court approved this settlement, completing approvals for all settling parties, though the action proceeds against two remaining defendants.
Key Highlights
- Kartoon Studios entered a settlement agreement on June 11, 2026, with an additional party.
- The settlement is related to the Augenbaum v. Anson Investments Master Fund LP et al. lawsuit.
- The Settling Party agreed to pay Kartoon Studios $50,000,000.
- The payment is subject to deductions for plaintiff's counsel fees and expenses.
- The court approved the settlement agreement on June 11, 2026.
- All settlement agreements with settling parties in the action have now been approved.
- The lawsuit continues against two remaining defendants.
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