{"id":470436,"date":"2021-04-02T22:53:24","date_gmt":"2021-04-03T02:53:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470436"},"modified":"2021-04-02T22:53:24","modified_gmt":"2021-04-03T02:53:24","slug":"sequential-brands-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-sequential-brands-group-inc-sqbg-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sequential-brands-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-sequential-brands-group-inc-sqbg-3\/","title":{"rendered":"SEQUENTIAL BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Sequential Brands Group, Inc. &#8211; SQBG"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nSEQUENTIAL BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Sequential Brands Group, Inc. &#8211; SQBG\n<\/p>\n<p>NEW ORLEANS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFormer Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick &amp; Foti, LLC (\u201cKSF\u201d), announces that KSF has commenced an investigation into Sequential Brands Group, Inc. (NasdaqCM: SQBG).\n<\/p>\n<p>\nOn March 16, 2018, the Company filed its 10-K for the period ended December 31, 2017, disclosing a goodwill impairment charge of $304.1 million. On May 20, 2020, the Company revealed that it was \u201ccooperating with an investigation by the [SEC] into the Company\u2019s controls and practices surrounding the impairment analyses of goodwill and intangible assets in 2016 and 2017.\u201d On August 14, 2020, the Company disclosed the July 17, 2020 receipt of a Wells Notice related to the SEC\u2019s investigation recommending that the SEC file an enforcement action against the Company.\n<\/p>\n<p>\nThen, on December 11, 2020, the SEC announced it had filed a complaint against the Company for failing to timely impair its goodwill pursuant to generally accepted accounting principles and, according to the press release, \u201cby 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.\u201d\n<\/p>\n<p>\nKSF\u2019s investigation is focusing on whether Sequential\u2019s officers and\/or directors breached their fiduciary duties to Sequential\u2019s shareholders or otherwise violated state or federal laws.\n<\/p>\n<p>\nIf you have information that would assist KSF in its investigation, or have been a long-term holder of Sequential shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (<a rel=\"nofollow\" href=\"mailto:lewis.kahn@ksfcounsel.com\">lewis.kahn@ksfcounsel.com<\/a>), or visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnasdaqcm-sqbg%2F&amp;esheet=52406151&amp;newsitemid=20210402005264&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnasdaqcm-sqbg%2F&amp;index=1&amp;md5=d71763b08006c5aad39a4cb6a12dffe2\">https:\/\/www.ksfcounsel.com\/cases\/nasdaqcm-sqbg\/<\/a> to learn more.\n<\/p>\n<p>\nAbout Kahn Swick &amp; Foti, LLC\n<\/p>\n<p>\nKSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation\u2019s premier boutique securities litigation law firms. KSF serves a variety of clients \u2013 including public institutional investors, hedge funds, money managers and retail investors \u2013 in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.\n<\/p>\n<p>\nTo learn more about KSF, you may visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ksfcounsel.com&amp;esheet=52406151&amp;newsitemid=20210402005264&amp;lan=en-US&amp;anchor=www.ksfcounsel.com&amp;index=2&amp;md5=63b6ba0e67784e6f3b36933ec2af8ada\">www.ksfcounsel.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210402005264r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210402005264\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210402005264\/en\/<\/a><\/span><\/p>\n<p>\nKahn Swick &amp; Foti, LLC<br \/>\n<br \/>Lewis Kahn, Managing Partner<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:lewis.kahn@ksfcounsel.com\">lewis.kahn@ksfcounsel.com<br \/>\n<\/a><br \/>1-877-515-1850\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Louisiana<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210402005264\/en\/1064494\/3\/2021-03-29-ksf-logo-sec.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>SEQUENTIAL BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Sequential Brands Group, Inc. &#8211; SQBG NEW ORLEANS&#8211;(BUSINESS WIRE)&#8211; Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick &amp; Foti, LLC (\u201cKSF\u201d), announces that KSF has commenced an investigation into Sequential Brands Group, Inc. (NasdaqCM: SQBG). On March 16, 2018, the Company filed its 10-K for the period ended December 31, 2017, disclosing a goodwill impairment charge of $304.1 million. On May 20, 2020, the Company revealed that it was \u201ccooperating with an investigation by the [SEC] into the Company\u2019s controls and practices surrounding the impairment analyses of goodwill and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sequential-brands-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-sequential-brands-group-inc-sqbg-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SEQUENTIAL BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Sequential Brands Group, Inc. &#8211; SQBG&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470436","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEQUENTIAL BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Sequential Brands Group, Inc. - SQBG - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sequential-brands-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-sequential-brands-group-inc-sqbg-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEQUENTIAL BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Sequential Brands Group, Inc. - SQBG - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SEQUENTIAL BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Sequential Brands Group, Inc. &#8211; SQBG NEW ORLEANS&#8211;(BUSINESS WIRE)&#8211; Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick &amp; Foti, LLC (\u201cKSF\u201d), announces that KSF has commenced an investigation into Sequential Brands Group, Inc. (NasdaqCM: SQBG). On March 16, 2018, the Company filed its 10-K for the period ended December 31, 2017, disclosing a goodwill impairment charge of $304.1 million. On May 20, 2020, the Company revealed that it was \u201ccooperating with an investigation by the [SEC] into the Company\u2019s controls and practices surrounding the impairment analyses of goodwill and &hellip; Continue reading &quot;SEQUENTIAL BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Sequential Brands Group, Inc. &#8211; SQBG&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sequential-brands-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-sequential-brands-group-inc-sqbg-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-03T02:53:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210402005264r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sequential-brands-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-sequential-brands-group-inc-sqbg-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sequential-brands-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-sequential-brands-group-inc-sqbg-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SEQUENTIAL BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick &amp; 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Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick &amp; Foti, LLC (\u201cKSF\u201d), announces that KSF has commenced an investigation into Sequential Brands Group, Inc. (NasdaqCM: SQBG). On March 16, 2018, the Company filed its 10-K for the period ended December 31, 2017, disclosing a goodwill impairment charge of $304.1 million. On May 20, 2020, the Company revealed that it was \u201ccooperating with an investigation by the [SEC] into the Company\u2019s controls and practices surrounding the impairment analyses of goodwill and &hellip; Continue reading \"SEQUENTIAL BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick &amp; Foti, LLC Investigates the Officers and Directors of Sequential Brands Group, Inc. &#8211; SQBG\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sequential-brands-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-sequential-brands-group-inc-sqbg-3\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-03T02:53:24+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210402005264r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sequential-brands-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-sequential-brands-group-inc-sqbg-3\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sequential-brands-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-sequential-brands-group-inc-sqbg-3\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SEQUENTIAL BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick &amp; 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