Federman & Sherwood Investigates Sequential Brands Group, Inc. for Possible Violations of Federal Securities Laws
The law firm Federman & Sherwood is investigating Sequential Brands Group (NASDAQ: SQBG) for potential violations of federal securities laws.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
The law firm of Federman & Sherwood has initiated an investigation into Sequential Brands Group, Inc. (NASDAQ: SQBG) with respect to possible violations of federal securities laws.
Sequential Brands Group, Inc. (“Sequential” or “SQBG”), together with its subsidiaries, owns various consumer brands in the active and lifestyle categories. Federman & Sherwood’s investigation focuses on disclosures made by SQBG and whether certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On December 11, 2020, the U.S. Securities and Exchange Commission (“SEC”) issued a press release announcing that the “SEC Charges Sequential Brands Group Inc. with Deceiving Investors by Failing to Timely Impair Goodwill[.]” Specifically, 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.
If you purchased SQBG securities, please visit our website at https://www.federmanlaw.com/blog/federman-sherwood-investigates-sequential-brands-group-inc-for-possible-violations-of-federal-securities-laws/ to join the potential securities action. Federman & Sherwood has extensive nationwide experience in representing investors in securities, derivative and merger-related shareholder class actions, and has been appointed as lead counsel in multiple complex cases.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201217006135/en/