Defendant Name: Sequential Brands Group, Inc.

Defendant Type: Public Company
SIC Code: 6211
CUSIP: 81734P10

Initial Case Details

Legal Case Name SEC v. Sequential Brands Group, Inc.
First Document Date 11-Dec-2020
Initial Filing Format Civil Proceeding
Case Number 20-cv-10471
Allegation Type Issuer Reporting and Disclosure
Federal District Court New York, Southern District of New York

Violations Alleged

Exchange Act
Rule 12b-20
Sec 13(a)
Rule 13a-1
Rule 13a-11
Rule 13a-13
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)
Securities Act
Sec 17(a)(3)

Resolutions

First Resolution Date 01-Dec-2021

Related Documents:

LR-24981 11-Dec-2020 Litigation Release
SEC Charges Sequential Brands Group, Inc. with Deceiving Investors by Failing to Timely Impair Goodwill
The SEC stated that: "[It] charged New York-based brand-management company Sequential Brands Group, Inc. with failing to impair its goodwill as required by accounting principles and the federal securities laws."
comp24981 11-Dec-2020 Complaint
Complaint
The SEC stated: "This case arises from the failure of New York-based brand management company Sequential to take into consideration clear, objective evidence of likely goodwill impairment, which avoided and delayed a material write down to goodwill in the fourth quarter of 2016 and the first three quarters of 2017 (the “Relevant Period”)."
2020-315 11-Dec-2020 Press Release--Civil Action
SEC Charges Sequential Brands Groups Inc. with Deceiving investors by Failing to Timely Impair Goodwill
The SEC stated that: "[It] charged New York-based brand-management company Sequential Brands Group Inc. with failing to impair its goodwill as required by accounting principles and the federal securities laws."
court_doc32_20-cv-10471 01-Dec-2021 Court Docket Document
Final Judgment as to Defendant Sequential Brands Group, Inc.
The Court stated: "Defendant Sequential Brands Group, Inc. . . . consented to the Court’s jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."
LR-25289 15-Dec-2021 Litigation Release
SEC Obtains Final Judgment Against Sequential Brands Groups, Inc. for Failing to Timely Impair Goodwill
The SEC: "announced that Sequential Brands Group, Inc., agreed to the entry of a final judgment permanently enjoining Sequential from future violations of the antifraud provision of Section 17(a)(3) of the Securities Act of 1933 and certain reporting, books and records, and internal control provisions under the Securities Exchange Act of 1934. The U.S. District Court for the Southern District of New York entered the final judgment against Sequential on December 1, 2021."

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