Iconix Brand Group, Inc.
|Company Name||Iconix Brand Group, Inc.|
The Firm is investigating potential claims on behalf of investors of Iconix Brand Group, Inc. (“Iconix” or the “Company”) (ICON) concerning the Company’s and its officers’ possible violations of federal securities laws.
Iconix licenses brands to retailers and manufacturers primarily in the apparel, footwear, and apparel accessory industries.
The investigation is focused on recent events and disclosures that demonstrate the Company has allegedly overstated its organic growth; and, engaged in irregular accounting practices regarding booking of its joint venture revenues and profits. In addition, the Company announced recently the departure of Iconix Chief Financial Officer, and also announced post-market on April 17, 2015 that its COO has resigned. On this news Iconix shares are down over $5.00 per share, or over 16%, during intra-day trading on April 20, 2015.
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