Energy News / Shareholders Foundation, Inc.

NASDAQ:ICON Shareholder Notice: Investigation of Iconix Brand Group, Inc. over Potential Violations of Securities Laws

Via: ReleaseWire

Updated 12:00 PM CDT, Mon, May 14,2018

An investigation for investors in Iconix Brand Group, Inc. (NASDAQ: ICON) shares over potential securities laws violations by Iconix Brand Group, Inc. was announced.

San Diego, CA -- (SBWIRE) -- 05/14/2018 -- An investigation was announced for investors of Iconix Brand Group, Inc. concerning potential securities laws violations by Iconix Brand Group, Inc. in connection with certain financial statements.

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 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.

On May 3, 2018, the Securities and Exchange Commission ("SEC") announced that it had filed a subpoena enforcement action against Shawn "Jay-Z" Carter as part of an investigation of potential violations of the federal securities laws related to Iconix Brand Group, Inc. (NASDAQ: ICON). According to the SEC, Iconix paid Jay-Z more than $200 million to acquire intangible assets associated with his Rocawear clothing label, only to write down $169 million of that investment in March 2016 and an additional $34 million in March 2018. The SEC's application seeks Jay-Z's testimony to inquire about, among other things, his joint ventures with Iconix Brand Group Inc (NASDAQ:ICON).

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

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqicon-shareholder-notice-investigation-of-iconix-brand-group-inc-over-potential-violations-of-securities-laws-976685.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com