Barrack, Rodos & Bacine Announces an Investigation into Carter`s, Inc.
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PHILADELPHIA--(Business Wire)--
Barrack, Rodos & Bacine is investigating potential claims on behalf of
shareholders of Carter`s, Inc. (NYSE:CRI) ("Carter`s" or the "Company").
On October 27, 2009, Carter`s announced that it would delay its scheduled
earnings release in order to complete a review of its accounting for margin
support to wholesale customers. After the market closed on November 9, 2009, the
Company announced that it would, in fact, need to restate its financial results
for each fiscal year from 2004 through 2008 and for each fiscal quarter from
September 2007 through June 2009.
In response to these disclosures, the stock has declined nearly 24% and the
Company has lost more than $350 million of market capitalization.
If you own shares in Carter`s and would like to learn more about your rights as
a shareholder, please contact Rick Komins of Barrack, Rodos & Bacine, 3300 Two
Commerce Square, 2001 Market Street, Philadelphia, PA 19103, by telephone at
(215) 963-0600 or by email at rkomins@barrack.com.
Barrack, Rodos & Bacine
M. Richard Komins, Esq.
215-963-0600
rkomins@barrack.com
www.barrack.com
Copyright Business Wire 2009
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