Attire Co. Suggests SEC’s Accounting Situation ‘Utterly Fails’

Legislation360 (February 26, 2021, 6:53 PM EST) — Sequential Brand names Group needs a New York district courtroom to toss a U.S. Securities and Exchange Commission lawsuit boasting the enterprise botched its quarterly reporting in between 2016 and 2017, arguing the SEC complaint “totally fails” to verify its scenario and that the reporting procedures applied had no impact on investors.

The proprietor of several buyer models — together with the Jessica Simpson Collection — argued Thursday that the firm’s in-property professionals and an exterior auditor go on to “stand at the rear of” their reporting of the so-referred to as goodwill impairment that is the emphasis of the Dec. 11 SEC grievance.

The SEC promises the business made…

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