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 howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Source: Law Offices of Howard G. Smith
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