SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of federal securities laws by Iconix Brand Group, Inc. (NASDAQ: ICON) and certain of its officers. Iconix licenses and markets a portfolio of consumer brands.
Specifically, Johnson & Weaver’s investigation seeks to determine whether shareholders were misled by certain statements Iconix made regarding its financial reporting, business outlook and prospects causing the price of the Company’s stock to trade at artificially inflated levels, in violation of the federal securities laws. Additionally, on April 17, 2015, Iconix announced that Seth Horowitz, Chief Operating Officer, had tendered his resignation. This departure came shortly after Jeff Lupinacci, the Chief Financial Officer, announced his resignation on March 24, 2015.
On April 17, 2015, the price of Iconix common stock fell $6.62 per share, or 20.7%, to close at $25.41 per share on heavy trading volume.
If you are an Iconix shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.