Sequential Brands Group, Inc. (SQBG)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sequential Brands Group, Inc. ("Sequential Brands" or "the Company") (NASDAQ: SQBG). The investigation concerns whether Sequential Brands and certain of its officers and/or directors have violated federal securities laws.
On December 11, 2020, the U.S. Securities and Exchange Commission announced that the “SEC Charges Sequential Brands Group Inc. with Deceiving Investors by Failing to Timely Impair Goodwill[.]” The announcement continued to state that “[a]s alleged, by avoiding an impairment to its goodwill in 2016, Sequential inflated its income from operations, created a false impression of its financial condition, and misstated its financial statements and reports for almost a year.” Following this news, Sequential Brands’ stock dropped sharply during intraday trading on December 11, 2020.
If you are aware of any facts relating to this investigation, or purchased Sequential Brands shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.