Public

Sequential Brands agreed to a $9.75M settlement with $SQBG investors to resolve claims over misstated finances and failure to disclose these issues, increasing regulatory risk.

Sequential Brands Group, Inc.

Preliminary Approved Settlement

Mismanagement

Misleading Statements

Financial Misrepresentation

Failure to Disclose

Directors

Management

Sequential Brands (SQBG) $9.75M Investor Settlement

sequential-investor-settlement

Stocks

Long

Sequential Brands Group, Inc., together with its subsidiaries, owns various consumer brands in the active and lifestyle categories. The company licenses its brands for a range of product categories, including apparel, footwear, fashion accessories, and home goods. Its brands include Jessica Simpson, AND1, Avia, Joe's, GAIAM, Ellen Tracy, William Rast, Heelys, Caribbean Joe, DVS, and SPRI. The company promotes, markets, and licenses its brands through various distribution channels, including to retailers, wholesalers, and distributors in the United States and internationally. Sequential Brands Group, Inc. was incorporated in 2015 and is headquartered in New York, New York. On August 31, 2021, Sequential Brands Group, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.