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SQBG.US
id: 1379

Sequential Brands (SQBG) $9.75M Investor Settlement

The court has approved the settlement.
S.D. New York
Court
1:21-cv-07296
Case number
11/09/2016
Class period Start
12/11/2020
Class period End
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.
Case Status
Preliminary Approved Settlement
Alleged Offence
Mismanagement
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Filing date
03/16/2021
Plaintiffs
Peter D’Arcy
Defendants
Yehuda Shmidman; Karen Murray; Gary Klein; Andrew Cooper
Judge
J. Paul Oetken
Administrator
Angeion
Settlement agreement date
2024-10-30
Trades matching type
FIFO
+$9,750,000
Cash Settlement Amount