EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Iconix Brand Group, Inc. – ICON

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of investors of Iconix Brand Group, Inc. (NASDAQ:ICON) resulting from allegations that Iconix may have issued materially misleading business information to the investing public.

On November 5, 2015, Iconix disclosed that it will restate its previously issued financial statements for: (i) the fourth quarter and annual results of 2013; (ii) the 2014 fiscal year and each quarterly period thereof; and (iii) the first and second quarters of 2015 to correct certain errors in accounting. These restatements include: (i) the classification of contractually obligated expenses, retail support and other costs as selling, general and administrative expenses, as opposed to netting such expenses against licensing or other revenue, as applicable; (ii) inadequate support for revenue recognition relating to certain license agreements; and (iii) inadequate estimation of accruals related to retail support for certain license agreements. On this news, shares of Iconix fell sharply during intraday trading on November 6, 2015, damaging investors.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Iconix investors. If you purchased shares of Iconix on or before November 5, 2015, please visit the firm’s website at http://rosenlegal.com/cases-773.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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