Law Firm Labaton Sucharow Files Class Action Lawsuit Against Carter’s, Inc

NEW YORK, Sept. 19, 2008 (LAWFUEL) — Labaton Sucharow filed a
class action lawsuit on September 19, 2008 in the United States
District Court for the Northern District of Georgia, on behalf of all
purchasers of the securities of Carter’s, Inc. (“Carter’s” or the
“Company”) (NYSE:CRI) between February 21, 2006 and July 24, 2007,
inclusive. The lawsuit was filed against Carter’s and certain officers
and directors (“Defendants”).

If you bought Carter’s securities anytime between February 21, 2006
through and including July 24, 2007, and would like to consider serving
as lead plaintiff or have any questions about the lawsuit, please
contact Andrei V. Rado, Esq at (800)-321-0476 or (212) 907-0700, or via
e-mail at [email protected] Lead Plaintiff motion papers must be filed
with the United States District Court for the Northern District of
Georgia no later than November 18, 2008. A lead plaintiff is a
court-appointed representative for absent class members. You do not
need to seek appointment as lead plaintiff to share in any class
recovery in this action. If you are a class member and there is a
recovery for the class, you can share in that recovery as an absent
class member. You may retain counsel of your choice to represent you in
this action.

If you are a member of this class you can view a copy of the complaint
and join this class action online at
http://www.labaton.com/en/cases/Newly-Filed-Cases.cfm

This action seeks to pursue remedies under the Securities Exchange Act
of 1934 (the “Exchange Act”). Specifically, the complaint alleges that
Defendants issued materially false and misleading statements about
their ability to turn the operations of acquired company Oshkosh B’Gosh
around. On July 24, 2007, Carter’s announced that it was taking a large
write-down ($142.9 million) on the tangible assets/goodwill of its
Oshkosh subsidiary. The Carters shares reacted negatively to the news,
falling from $24.87 to $22.75 per share by the end of trading on July
25, 2007, representing an 8.5% decline in value.

Plaintiff is represented by the law firm of Labaton Sucharow. More
information about Labaton Sucharow is available at www.labaton.com.

Scroll to Top