Finkelstein Thompson LLP Announces Investigation of Carter's, Inc.

November 10, 2009 4:11 PM EST

WASHINGTON--(BUSINESS WIRE)-- Finkelstein Thompson LLP announces that it is investigating potential claims on behalf of shareholders of Carter's, Inc. (NYSE: CRI) ("Carter's").

On October 26, 2009, Carter's announced that it would postpone its third-quarter results, on the grounds that "it needed more time to complete a review of its accounting for discounts offered to some wholesale customers." Then, on November 10, 2009, Carter's revealed that it would be restating its consolidated financial statements for the fiscal years 2004 through 2008, and the fiscal quarters from Sept. 29, 2007 through July 4, 2009.

Carter's share price has dropped nearly 25% since these accounting issues came to light.

If you are interested in discussing your rights as a Carter's shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, D.C. offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.

    Source: Finkelstein Thompson LLP

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