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On June 11, 2026, Kartoon Studios, Inc. entered into a settlement agreement with an additional party in the Augenbaum…
TOONKartoon Studios, Inc.
On June 11, 2026, Kartoon Studios, Inc. entered into a settlement agreement with an additional party in the Augenbaum v. Anson Investments Master Fund LP et al. litigation (Case No. 1:22-CV-00249-AS) in the U.S. District Court for the Southern District of New York. The Settling Party agreed to pay the company aggregate settlement payments of $50,000,000, less plaintiff's counsel fees and expenses, under mutual releases. The court approved this agreement on the same day, marking the approval of all settlement agreements with settling parties in this action. Litigation continues against two remaining defendants. Kartoon Studios, Inc. is an entertainment company that produces and distributes animated content.