PR Newswire | Dec 29, 2020 05:07PM EST

Against Sequential Brands Group, Inc. - SQBG

12/29 16:07 CST

ROSEN, GLOBAL INVESTOR COUNSEL, Announces Investigation of Securities Claims Against Sequential Brands Group, Inc. - SQBG NEW YORK, Dec. 29, 2020

NEW YORK, Dec. 29, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Sequential Brands Group, Inc. (NASDAQ: SQBG) resulting from allegations that Sequential may have issued materially misleading business information to the investing public.

On December 11, 2020, the U.S. Securities and Exchange Commission issued a press release announcing that the "SEC Charges Sequential Brands Group Inc. with Deceiving Investors by Failing to Timely Impair Goodwill[.]" The press release stated 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's stock price fell sharply during intraday trading on December 11, 2020.

Rosen Law Firm is preparing a securities lawsuit on behalf of Sequential shareholders. If you purchased securities of Sequential please visit the firm's website at http://www.rosenlegal.com/cases-register-2006.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at mailto:pkim@rosenlegal.com or cases@rosenlegal.com.

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th FloorNew York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827lrosen@rosenlegal.compkim@rosenlegal.comcases@rosenlegal.comwww.rosenlegal.com

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SOURCE Rosen Law Firm, P.A.