SEC drops accounting fraud lawsuit against former Iconix CEO Neil Cole

9 articles · Updated · Bloomberg · May 4

A filing in federal court in Manhattan said the agency was voluntarily dismissing the long-running civil case on Monday.
The lawsuit accused Cole, founder of apparel licenser Iconix Brand Group, of inflating the company's revenue and earnings more than a decade ago.
The move follows an October federal appeals court ruling that cleared Cole of criminal charges in a parallel fraud case, effectively ending both tracks of the matter.

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