ICLR Down 30%: ICON plc Investigated For Securities Fraud; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm

Core Viewpoint - ICON plc is under investigation for potential securities law violations following a significant drop in its stock price due to concerns over accounting practices and internal controls [2][4]. Group 1: Company Investigation - Shares of ICON plc fell over 30% in premarket trading on February 12, 2026, after the company disclosed that its Audit Committee is investigating certain accounting practices and internal controls, particularly regarding revenue recognition from 2023 through 2025 [2]. - ICON expects to report material weaknesses in internal control over financial reporting, has delayed the release of its Q4 and FY25 financial results, and has withdrawn its previously issued 2025 guidance [2]. Group 2: Legal Actions and Investor Support - Block & Leviton is investigating whether ICON plc committed securities law violations and may file an action to recover losses on behalf of investors [4]. - Investors who have lost money in their ICON plc investment are encouraged to contact Block & Leviton to learn more about potential recovery options [3][5].