MINNEAPOLIS, Dec. 2, 2009 (GLOBE NEWSWIRE) -- Charles H. Johnson & Associates announces that a class action has been commenced in the United States District Court for the Northern District of Georgia on behalf of purchasers of Carter's, Inc. ("Carter's" or the "Company") (NYSE:CRI) publicly traded securities during the period April 27, 2004 through November 10, 2009 (the "Class Period").
If you are a member of the proposed Class, you may move the Court to serve as a lead plaintiff for the Class on or before January 19, 2010. You do not need to be a lead plaintiff in order to share in any recovery that may be obtained.
The Complaint alleges that that during the Class Period, Defendants misrepresented or failed to disclose that: 1) the Company had reported certain margin support payments to major wholesale customers in incorrect periods; 2) as a result, the Company's financial results were overstated during the Class Period; 3) the Company failed to properly recognize revenue in violation of GAAP; 4) the Company lacked adequate internal and financial controls; and 5) 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 Carter's, Inc. stock during the Class Period, or have any questions concerning this notice or your rights with respect to this matter, please contact:
Neal Eisenbraun, Esq. (cjohnsonlaw@gmail.com) Charles H. Johnson & Associates 2599 Mississippi Street New Brighton, MN 55112 (651) 633-5685