The SEC stated that: "[It] charged brand-management company Iconix Brand Group, Inc. and three of its former top executives with fraud. Iconix and two of its former executives have agreed to settle."

The SEC stated: "This action concerns an intentional fraud perpetrated by Iconix Brand Group, Inc. ("Iconix"), through its former senior management, to recognize false revenue and manipulate reported earnings in 2014. This action also concerns Iconix's negligence-based accounting and reporting fraud, between 2013 and the third quarter of 2015, in failing to: (i) write off two licensees' uncollectible receivables; and (ii) impair the amount of certain intellectual property assets related to three brands, despite clear indicators of impairment. Finally, the action concerns Iconix's improper accounting and reporting in connection with these transactions, as well as the deficient internal accounting policies and procedures that resulted in Iconix's improper conduct."

The Court issued a final judgment against defendant Iconix Brand Group, Inc. The Court stated "The Securities and Exchange Commission ("Commission") having filed a Complaint and Defendant Iconix Brand Group, Inc. ("Defendant") having entered a general appearance; 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 and except as otherwise provided herein in paragraph VI); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment"