SEQUENTIAL BRANDS STOCK FULL

On February 28, 2018, Sequential Brands announced its fourth quarter and full year 2017 financial results, which belatedly announced the goodwill adjustment of a “non-cash charge of $304.1 million.” On this news, Sequential Brands’ stock price fell $6.08 per share to close at $76.00 per share on February 28, 2018.

In avoiding the write down of its goodwill in late 20, Sequential Brands materially understated its operating expenses and net losses and overstated its income from operations, goodwill, and total assets.

Sequential Brands knew as early as December 14, 2016, that it was “more likely than not” that its goodwill was impaired, but failed to record an impairment charge to its goodwill. (SQBG) Misled Shareholders About Its Income From Goodwill, Operations, and Assets Kehoe Law Firm, P.C.Sequential Brands Group, Inc. 802,, ,, TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS. INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE SECURITIES OF SEQUENTIAL BRANDS DURING THE CLASS PERIOD AND SUFFERED SIGNIFICANT LOSSES ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, CLIENT RELATIONS, (215) 792-6676, EXT.

The Sequential Brands Defendants, according to the class action complaint, made false and/or misleading statements and/or failed to disclose that (1) in late 2016, the Company knew or should have known that its goodwill was likely impaired (2) the Company avoided and delayed the material write down to goodwill in late 2016 through 2017 (3) the Company understated its operating expenses and net loss and also materially overstated its income from operations, goodwill, and assets from late 2016 through 2017 (4) the Company’s internal controls were deficient (5) Sequential Brands has failed to restate, correct, or disclose relevant improprieties, deceptive conduct, misstatements, omissions, and control violations (6) as a result of the foregoing, the Company was at greater risk of regulatory scrutiny and enforcement and (7) as a result, the Sequential Brands Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. On March 16, 2021, a class action lawsuit was filed against Sequential Brands in United States District Court, Central District of California, on behalf of investors who purchased, or otherwise acquired, the securities of Sequential Brands between Novemand December 11, 2020, both dates inclusive (the “Class Period”).Īccording to the class action complaint, throughout the Class Period, the Sequential Brands Defendants made materially false and/or misleading statements, because they misrepresented and failed to disclose the following adverse facts pertaining to the Company’s business, operations and prospects, which were known to the Sequential Brands Defendants or recklessly disregarded by them. (“Sequential Brands” or the “Company”) (NASDAQ: SQBG) to determine whether the Company engaged in securities fraud or other unlawful business practices. is investigating potential securities claims on behalf of investors of Sequential Brands Group, Inc. Sequential Brands Group Investors With Significant Losses Encouraged To Contact Kehoe Law Firm, P.C.

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