Iconix Brand Group, Inc.
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ICONIX MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF ICONIX BRAND GROUP, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – ICON
June 11, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Iconix Brand Group, Inc. (NASDAQ: ICON) to Iconix Acquisition Corp., an affiliate of Lancer Capital, LLC, for $3.15 per share in cash is fair to Iconix Brand shareholders.
The investigation concerns whether Iconix Brand and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Iconix Brand shareholders; (2) determine whether Iconix Acquisition is underpaying for Iconix Brand; and (3) disclose all material information necessary for Iconix Brand shareholders to adequately assess and value the merger consideration. On behalf of Iconix Brand shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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