April 24, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Iconix Brand Group Inc (NASDAQ:ICON) shares over potential securities laws violations by Iconix Brand Group and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Iconix Brand Group Inc (NASDAQ:ICON) concerning whether a series of statements by Iconix Brand Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Iconix Brand Group Inc reported that its annual Total Revenue rose from $353.82 million in 2012 to $461.24 million in 2014 and that its respective Net Income increased from $109.41 million to $152.74 million. Shares of Iconix Brand Group Inc (NASDAQ:ICON) grew from $14.74 per share in May 2012 to as high as $44.14 per share in June 2014.

On March 30, 2015, Iconix Brand Group Inc disclosed that on March 24, 2015, the Chief Financial Officer of Iconix Brand Group, Inc. notified the Company of his intention to resign.

On April 17, 2015, Iconix Brand Group Inc disclosed that Chief Operating Officer (COO) of Iconix Brand Group, Inc. (the Company), tendered his resignation on April 13, 2015. Shares of Iconix Brand Group Inc (NASDAQ:ICON) declined to as low as $25.27 per share on April 20, 2015.