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Get filing alertsKartoon Studios secures $28.5M in litigation settlements, three approved by court
Filed June 8, 2026 · Period ending June 2, 2026 · ~1 min read
Key Changes
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Company reached settlements with five parties totaling $28.5 million (minus legal fees) in federal lawsuit Augenbaum v. Anson Investments Master Fund LP, with mutual releases agreed by all parties.
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Three settlement agreements received court approval on June 2 and June 4, 2026; two settlements remain pending court approval, meaning full payment is not yet finalized.
Item 8.01 verify on EDGAR →
Summary
Kartoon Studios announced a significant legal victory, securing $28.5 million in settlements from five parties in a federal lawsuit pending in New York's Southern District. The case, Augenbaum v. Anson Investments Master Fund LP, has been partially resolved with three settlements already approved by the court and two awaiting final approval.
The actual amount the company receives will be reduced by plaintiff's counsel fees and expenses, though the specific deduction was not disclosed. For retail investors, this represents a substantial cash inflow that could materially improve the company's financial position, though the net amount after legal fees remains uncertain.
The mutual releases mean both sides are dropping claims against each other, potentially closing a chapter of legal uncertainty. Watch for the court's decision on the remaining two settlements and any subsequent disclosure of the net proceeds actually received after legal fees are deducted.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 2, 2026, and June 4, 2026 the court approved the settlement agreements entered into with three of the Settling Parties, the remaining two settlement agreements are pending court approval.
Three of the five settlement agreements have already received court approval on June 2 and June 4, 2026. The remaining two settlement agreements are still awaiting court approval, meaning the full $28.5 million settlement is not yet finalized.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify