LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of investors of Iconix Brand Group, Inc. (“Iconix” or the “Company”) (NASDAQ: 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.
If you purchased shares of Iconix prior to April 20, 2015, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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