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EQUITY ALERT: The Rosen Law Firm Announces the Filing of a Securities Class Action Lawsuit Against Iconix Brand Group, Inc.The Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of purchasers of Iconix Brand Group, Inc. (NASDAQ: ICON) securities from February 20, 2013 through April 17, 2015, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Iconix investors under the federal securities laws. To join the Iconix class action, go to the firm's website at http://www.rosenlegal.com/cases-579.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT YOU MAY RETAIN COUNSEL OF YOUR CHOICE. The lawsuit alleges that the Company made false and/or misleading statements, as well as failed to disclose that: (1) the Company had underreported the cost basis of its brands; (2) the Company engaged in irregular accounting practices related to the booking of its joint venture revenues and profits, free-cash flow, and organic growth; (3) as a result, the Company's earnings and revenues were overstated; and (4) as a result of the foregoing, Defendants' statements about Iconix's business, operations, and prospects were false and misleading. On March 30, 2015, the Company announced that its CFO, Jeff Lupinacci, had resigned effective March 30, 2015. Then, on April 17, 2015, the Company revealed that its COO, Seth Horowitz, had tendered his resignation on April 13, 2105. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 22, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm's website at http://www.rosenlegal.com/cases-579.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at [email protected] or [email protected]. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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