CARTER INC
SymbolCRI

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Kendall Law Group Investigating Carter’s, Inc. for Shareholders

2009-11-16 14:32 ET - News Release


Company Website: http://www.kendalllawgroup.com
DALLAS -- (Business Wire)

Kendall Law Group, founded by a former federal judge, today began an investigation on behalf of Carter’s, Inc. (NYSE: CRI) shareholders. The investigation concerns possible breaches of fiduciary duties after the announcement on Monday that the company concluded its consolidated financial statements for the fiscal years 2004 through 2008, and the fiscal quarters from Sept. 29, 2007 through July 4, 2009, should be restated.

On November 9, 2009, the announcement by the Georgia-based company caused stock prices to drop by as much as 15%. Last month the company announced it would need additional time to review accounting for discounts offered to wholesale customers, delaying the report of its third quarter results.

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