SEQUENTIAL BRANDS INVESTOR ALERT: Securities Litigation Partner James Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Sequential Brands To Contact Him Directly To Discuss Their Options
NEW YORK, Jan. 23, 2021 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading minority and certified woman-owned national securities law firm, is investigating potential claims against Sequential Brands Group, Inc. (“Sequential Brands” or the “Company”) (NASDAQ:SQBG).*If you suffered losses exceeding $50,000 investing in Sequential Brands stock or options *and would like to discuss your legal rights, click here: www.faruqilaw.com/SQBG or call Faruqi & Faruqi partner *James Wilson directly *at *877-247-4292 *or *212-983-9330 (Ext. 1310)*.
*There is no cost or obligation to you.*
FARUQI & FARUQI, LLP
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877.247.4292
212.983.9330
jwilson@faruqilaw.com
On December 11, 2020, the SEC filed a complaint against Sequential Brands alleging the Company failed to timely impair its goodwill as required by generally accepted accounting principles. Specifically, the SEC stated in a press release announcing the lawsuit 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." On this news, Sequential Brands stock fell sharply on December 11, 2020.
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