Portnoy Law said it has opened an investigation into possible securities fraud at ICON and may file a class action on behalf of investors. ICON shares fell USD 53.06, or 40%, to close at USD 80.08 on Feb. 12, 2026 after the company disclosed it is conducting an internal investigation into certain accounting practices and controls. ICON said the probe primarily focuses on revenue recognition in fiscal years 2023 through 2025 and it withdrew its prior 2025 full-year guidance. The firm’s announcement is available at The Portnoy Law Firm.
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