JAKKS Pacific Announces Court Ruling Requiring Parties to Provide Notice to Shareholders of Proposed Settlement of Derivative Action and Setting of Hearing Date

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SANTA MONICA, Calif.--(BUSINESS WIRE)--JAKKS Pacific, Inc., (NASDAQ: JAKK) today announced that the United States District Court for the Central District of California has authorized notice to be given to JAKKS’ shareholders of the Court’s preliminary approval of the previously disclosed settlement of Vladimir Gusinsky Living Trust v. Stephen Berman, et al. (f/k/a Advanced Advisors G. P. v. Stephen Berman, et al.) Case No. 2-14-cv-01420-JAK (SSx), a consolidated shareholder derivative action. T

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