Iconix Brand Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2019
SEC fraud charges against Iconix and former executives
The SEC charged Iconix and three former executives with fraud. Iconix agreed to pay a $5.5 million civil penalty, while former chief operating officer Seth Horowitz pleaded guilty to related criminal charges.
2019
Roc Nation entities sue Iconix over alleged accounting fraud
Lawsuit filed
In a lawsuit filed in New York, business entities associated with Jay-Z sued Iconix Brand Group, alleging that Iconix lied about its finances in deals with Roc Nation. The plaintiffs sought legal fees and unspecified damages. The allegations are claims made in the lawsuit and do not constitute a court determination.
Jay-Z’s business entities sued Iconix Brand Group in New York, alleging that Iconix lied about its finances in deals with Roc Nation and seeking legal fees and unspecified damages. The allegations are claims in the lawsuit, not a stated court determination.
Source excerpt
Jay-Z’s business entities sued a New York City licensing firm, claiming it cheated the companies as part of a “colossal accounting scandal.”
The lawsuit accuses Iconix Brand Group Inc. of lying about its finances when it made deals with the rapper’s Roc Nation apparel company.
the suit filed Thursday in state court in Manhattan.
2015
SEC investigation and executive departures
Iconix disclosed that the SEC was investigating matters connected with its 2014 financial statements. The disclosure was followed by the departure of senior executives and a substantial decline in the company’s publicly traded share price.
2003
Candie’s accounting settlement with the SEC
Following an investigation, Neil Cole and Candie’s reached a settlement with the Securities and Exchange Commission concerning alleged fraudulent accounting practices. Cole agreed to pay a civil penalty without admitting or denying wrongdoing.