Defendant Name:
Apex Global Brands Inc.
Defendant Type:
Public Company
SIC Code:
2330
CUSIP:
03755M20
Document Reference:
33-10907
Document Details
Legal Case Name
In the Matter of Apex Global Brands Inc., FKA Cherokee Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
17-Dec-2020
Document Format
Administrative Proceeding
AAER
4199
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 17, 2020, the SEC instituted settled cease-and-desist proceedings against Apex Glbal Brands, Inc., stating: "This proceeding concerns material misstatements by Apex Global Brands Inc. ("Apex" or "the Company") regarding its primary asset and only revenue source, trademarks
held by the company. From at least January 2017 to April 2018 Apex materially overstated its
financial statement by failing to timely recognize impairments of its trademarks."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
