SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Sequential Brands Group, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

THE ANGEL–(BUSINESS WIRE) – Schall law firm, a national law firm specializing in shareholder rights, has announced it is filing a class action lawsuit against Sequential Brands Group, Inc. (“Sequential Brands” or “the Company”) (NASDAQ: SQBG) for violating §§. Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5, published by the US Securities and Exchange Commission.

Investors who purchased the Company’s securities between November 3, 2016 and December 11, 2020 (including the “Class Period”) are requested to contact the Company before May 17, 2021.

If you are a shareholder who has suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company’s website at www.schallfirm.com or by email at brian@schallfirm.com.

In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.

According to the complaint, the company made false and misleading statements to the market. Sequential Brands knew or should have known by late 2016 that its goodwill was impaired. The company has used all possible tactics to delay the amortization of goodwill from late 2016 through 2017. The company has significantly underestimated its operating costs and net loss while overestimating its income from operations, goodwill and assets over the period. The company has not carried out any internal controls. Because of these facts, the company’s public statements were false and materially misleading throughout the teaching period. When the market learned the truth about Sequential Brands, investors suffered damage.

Join the case to make up for your losses.

Schall law firm represents investors around the world and specializes in class action and shareholder disputes.

This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.

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