CASES
Carter's, Inc.
Class Period: Apr 27, 2004 to Nov 10, 2009
Lead Plaintiff Deadline: Jan 19, 2010 + Deadline passed
Summary of Case:
A securities class action has been filed against Carter's, Inc. (CRI) ("Carter's" or the "Company") on behalf of all securities purchasers from April 27, 2004 through November 10, 2009, inclusive ("Class Period"), in the United States District Court for the Northern District of Georgia.
The complaint alleges that Carter's statements and filings during the Class Period were materially false and misleading because they misrepresented or failed to disclose that: (a) the Company had reported certain margin support payments to major wholesale customers in incorrect periods; (b) as a result, the Company's financial results were overstated during the Class Period; (c) the Company had failed to properly recognize revenue in violation of GAAP; (d) the Company lacked adequate internal and financial controls; and (e) that, as a result of the above, the Company's financial statements during the Class Period were materially false and misleading at all relevant times.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.