ICON plc(US:ICLR) Globenewswire·2026-02-20 01:00Core Viewpoint - ICON Public Limited Company is under investigation for potential violations of federal securities laws related to accounting practices and internal controls, which has led to a significant decline in its stock price [1][3]. Group 1: Investigation Details - On February 12, 2026, ICON announced that its Audit Committee is investigating certain accounting practices, particularly revenue recognition during fiscal years 2023 to 2025 [3]. - The company anticipates reporting one or more material weaknesses in internal control over financial reporting and has delayed the release of its fourth quarter and full year 2025 financial results [3]. - ICON has also withdrawn its previously issued guidance for 2025 [3]. Group 2: Market Reaction - Following the announcement of the investigation, ICON's share price fell by $53.06, approximately 40%, from $133.14 on February 11, 2026, to close at $80.08 on the same day [3].