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If you purchased shares of Carter's Inc (NYSE: CRI), you might have certain options and should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
Settlement Overview
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October 11, 2013 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.
October 8, 2013 - The court held a final settlement hearing.
May 21, 2013 - The court preliminary approved the settlement.
April 25, 2013 - Another stipulation of settlement was filed.
August 28, 2012 - The court denied the motion to dismiss of one defendant.
June 1, 2012 - The court approved the settlement with one defendant.
May 31, 2012 - The court held a final settlement hearing.
January 19, 2012 - The court preliminarily approved the settlement.
January 9, 2012 - Another defendant filed a motion to dismiss.
December 21, 2011 - Parties filed a stipulation of settlement.
July 20, 2011 - The lead plaintiff filed another amended consolidated complaint.
March 17, 2011 - The court granted the motion to dismiss of one defendant.
April 30, 2010 - Defendants filed motions to dismiss.
March 15, 2010 - The lead plaintiff filed an amended consolidated complaint on behalf of investors who purchased Carter's Inc (NYSE: CRI) common shares between March 16, 2005 and November 10, 2009. The lead plaintiff alleges that the defendant violated the Securities Act of 1934 by issuing false and misleading statements between March 16, 2005 and November 10, 2009.
January 19, 2010 - Lead plaintiff filed another lead plaintiff motion.
November 24, 2009 - All cases were consolidated.
November 17, 2009 - Another investor filed a complaint on behalf of investors who purchased Carter's Inc (NYSE: CRI) common shares between April 27, 2004 and November 10, 2009. The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between April 27, 2004 and November 10, 2009.
July 17, 2009 - Defendants filed a motion to dismiss.
May 12, 2009 - The lead plaintiff filed an amended complaint on behalf of investors who purchased Carter's Inc (NYSE: CRI) common shares between February 1, 2006 and July 24, 2007. The lead plaintiff alleges that the defendant violated the Securities Act of 1934 by issuing false and misleading statements between February 1, 2006 and July 24, 2007.
March 13, 2009 - Lead plaintiff and lead counsel were appointed.
November 18, 2008 - Lead plaintiff motion was filed.
September 19, 2008 - An investor in shares of Carter's Inc (NYSE: CRI) filed a lawsuit in the U.S. District Court for the Northern District of Georgia against Carter's Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between February 21, 2006 and July 24, 2007.
The lawsuit was filed against Carter’s Inc and certain officers and directors. The action seeks to pursue remedies under the Securities Exchange Act of 1934. 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 Inc (NYSE: CRI) announced that it was taking a large write-down ($142.9 million) on the tangible assets/goodwill of its Oshkosh B'Gosh subsidiary. The Carter's Inc (NYSE: CRI) 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.