The Shareholders Foundation announced that an n investigation on behalf of investors of Iconix Brand Group Inc (NASDAQ:ICON) shares was initiated over potential securities laws violations by Iconix Brand Group and certain of its directors and officers.
Investors who purchased shares of Iconix Brand Group Inc (NASDAQ:ICON) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Iconix Brand Group Inc (NASDAQ:ICON) concerning whether a series of statements by Iconix Brand Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Iconix Brand Group Inc reported that its annual Total Revenue rose from $353.82 million in 2012 to $461.24 million in 2014 and that its respective Net Income increased from $109.41 million to $152.74 million. Shares of Iconix Brand Group Inc (NASDAQ:ICON) grew from $14.74 per share in May 2012 to as high as $44.14 per share in June 2014.
On March 30, 2015, Iconix Brand Group Inc disclosed that on March 24, 2015, the Chief Financial Officer of Iconix Brand Group, Inc. notified the Company of his intention to resign.
On April 17, 2015, Iconix Brand Group Inc disclosed that Chief Operating Officer (“COO”) of Iconix Brand Group, Inc. (the “Company”), tendered his resignation on April 13, 2015. Shares of Iconix Brand Group Inc (NASDAQ:ICON) declined to as low as $25.27 per share on April 20, 2015.
On May 4, 2015, NASDAQ:ICON shares closed at $27.46 per share.
Those who purchased shares of Iconix Brand Group Inc (NASDAQ:ICON) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com