BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Iconix Brand Group, Inc. (“Iconix” or the “Company”) (NASDAQ: ICON) concerning 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 news reports 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 on March 30, 2015 the departure of its Chief Financial Officer, and also announced post-market on April 17, 2015 that its COO has resigned. On this news Iconix shares closed on April 20, 2015 down $6.62 per share, or over 20%, on volume of over 17 million shares.
If you purchased shares of ForceField prior to April 20, 2015, you are encouraged to contact Howard Smith, Esquire to discuss your legal rights: Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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