Carter's Inc. CRI Securities Stock Fraud

Company:	Carter's Inc.
Ticker Symbol:	CRI
Class Period:	Feb-21-06 to Jul-24-07
Date Filed:	Sep-19-08
Lead Plaintiff Deadline:	Nov-18-08
Court:	Northern District of Georgia
Allegations:

On Friday, September 19th, 2008, a shareholder filed a proposed class action lawsuit in the United States District Court for the Northern District of Georgia, on behalf of all purchasers of the securities of Carter's, Inc. between February 21st, 2006 and July 24th, 2007 over allegedly materially false and misleading statements about their ability to turn the operations of acquired company Oshkosh B'Gosh around.

According to the complaint the plaintiff 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. Then on July 24, 2007, Carter Inc.'s announced that it was taking a large write-down ($142.9 million) on the tangible assets/goodwill of its Oshkosh subsidiary and as a result of this news its shares reacted negatively falling from $24.87 to $22.75 per share by the end of trading on July 25, 2007, or a 8.5% decline in value, so the lawsuit.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Carter's Inc. CRI Securities Fraud Legal Help

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