Clothing Co. Suggests SEC’s Accounting Scenario ‘Utterly Fails’

Law360 (February 26, 2021, 6:53 PM EST) — Sequential Brands Team needs a New York district court docket to toss a U.S. Securities and Trade Fee lawsuit saying the company botched its quarterly reporting among 2016 and 2017, arguing the SEC criticism “totally fails” to establish its situation and that the reporting approaches made use of experienced no influence on investors.

The owner of many purchaser manufacturers — such as the Jessica Simpson Assortment — argued Thursday that the company’s in-residence gurus and an outside the house auditor continue on to “stand behind” their reporting of the so-called goodwill impairment that is the emphasis of the Dec. 11 SEC criticism.

The SEC promises the business created…

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