Sequential Brands $9.75M Securities Settlement

If you purchased or acquired securities of Sequential Brands Group, Inc. between November 9, 2016, and December 11, 2020, you may be eligible to claim a portion of a class action settlement.

Sequential Brands Group, Inc. has agreed to pay $9,750,000 to settle a class action lawsuit for allegedly misleading investors about the company's goodwill and a related SEC investigation. This settlement aims to resolve all claims against the defendants and provide compensation to affected investors.

Who can file a claim?

To be eligible for the settlement, you:

• Purchased or acquired Sequential Securities between November 9, 2016, and December 11, 2020
• Sustained losses as a result of the alleged misleading statements

How much do claimants get paid?

The estimated average recovery is $12.10 per share before deductions for fees and expenses from the settlement fund.

However, the actual amount received will depend on several factors, including:

• The number of claims filed
• The quantity and price of Sequential Securities purchased or acquired
• Whether and when those securities were sold

How to submit a claim

To claim an award, you must complete and submit a Proof of Claim form. You can file a claim online or download the PDF claim form and mail it to the Claims Administrator at: _1650 Arch Street, Suite 2210, Philadelphia, PA 19103_.

Claimants need to provide documentation of their transactions in Sequential Securities.

Required documents include:

• Broker confirmations or other transaction documentation.
• Proof of the number of shares held at the start and end of the class period.

Ensure your claim is postmarked or submitted online by March 11, 2025.

Claim instructions

Follow these steps to submit your claim:

1. Download and complete the Proof of Claim form.
2. Attach all required documentation.
3. Submit the form online or mail it to the Claims Administrator.

Payment methods

Class members will receive payments via:

• Check mailed to the address provided in the claim form.
• Direct deposit if bank details are provided.

How is the $9.75 Million settlement fund disbursed?

The settlement fund of $9,750,000 will cover:

• Payments to class members.
• Attorneys' fees up to 25% of the settlement amount
• Litigation expenses not exceeding $45,000
• Awards to Lead Plaintiff up to $5,000

Important dates

• Deadline to File a Claim: March 11, 2025
• Fairness Hearing: February 25, 2025

When is the Sequential Securities Settlement payout date?

The court will hold a Fairness Hearing on February 25, 2025, to decide whether to approve the settlement. If approved and all appeals are resolved, the Claims Administrator will process claims and distribute payments.

Why is there a class action settlement?

The lawsuit alleged that Sequential Brands Group, Inc. made materially false and misleading statements about its business and financial well-being, specifically regarding its goodwill and an SEC investigation. The settlement avoids the costs and risks of further litigation.