Kartoon Studios to receive $78.5M from litigation settlements

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Go back to Kartoon Studios to receive $78.5M from litigation settlements

Kartoon Studios Secures Approximately $78.5 Million in Litigation Settlements, Transforming Its Balance Sheet

June 17, 2026 9:00 AM EDT

Court Enters All Settlements Reached to Date in Short-Swing Profit Recovery Action

Company Well-Capitalized to Execute A.A. Milne and Stan Lee IP-Driven Growth Strategy

BEVERLY HILLS, Calif., June 17, 2026 (GLOBE NEWSWIRE) -- Kartoon Studios (NYSE American: TOON) (Kartoon Studios or the Company) today announced that the U.S. District Court for the Southern District of New York has entered all settlement agreements reached to date in the shareholder action Augenbaum v. Anson Investments Master Fund LP et al. (Case No.... More