JAKKS Pacific Announces Dismissal of Class Action

SANTA MONICA, Calif.–(BUSINESS WIRE)–JAKKS Pacific, Inc., (NASDAQ: JAKK) today announced that the United
States District Court for the Central District of California ordered the
dismissal with prejudice all of the claims asserted in the consolidated
action captioned John Melot v. JAKKS Pacific, Inc. et al., Case No.-LA
CV13-05388 JAK (SSx), a putative class action that commenced in July
2013.

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc., is a leading designer, manufacturer and marketer of
toys and consumer products sold throughout the world, with its
headquarters in Santa Monica, California. JAKKS Pacific’s popular
proprietary brands include BIG-FIGS™, XPV®, Max Tow™ and Friends,
Disguise®, Moose Mountain®, Funnoodle®, Maui®, Kids Only!®, as well as a
wide range of entertainment-inspired products featuring premier licensed
properties. Through JAKKS Cares, the company’s commitment to
philanthropy, JAKKS is helping to make a positive impact on the lives of
children. Visit us at www.jakks.com
and follow us on Instagram (@jakkstoys), Twitter (@jakkstoys) and
Facebook (JAKKS Pacific).

© 2016 JAKKS Pacific, Inc. All rights reserved.

Contacts

JAKKS Pacific, Inc.
Sara Rosales Montalvo
424-268-9363
or
Joel
Bennett
424-268-9450