November 15, 2013 - The U.S. Court of Appeals for the Third Circuit ordered the judgment of the district court is affirmed and the second amended complaint is dismissed with prejudice.
November 14, 2012 - The lead plaintiff filed a notice of appeal.

October 17, 2012 - The court granted the defendants' motion to dismiss with prejudice.

May 7, 2012 - The lead plaintiff filed a second amended complaint.

March 8, 2012 - The court granted the defendants' motions without prejudice and granted plaintiff leave to amend.

November 10, 2011 - Defendants filed a motion to dismiss.

September 26, 2011 - The lead plaintiff filed an amended complaint on behalf of investors of Kid Brand Inc (NYSE: KID) common shares between March 26, 2010 and August 16, 2011. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between March 26, 2010 and August 16, 2011.

July 26, 2011 - The lead plaintiff and lead counsel were appointed.

June 20, 2011 - A lead plaintiff motion was filed.

March 22, 2011 - An investor in shares of Kid Brands Inc (NYSE: KID) filed a lawsuit in the U.S. District Court for the District of New Jersey against Kid Brands Inc over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff alleges on behalf of purchasers of the common stock of Kid Brands Inc between March 26, 2010 and March 15, 2011 that Kid Brands Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between March 26, 2010 and March 15, 2011 a series of materially allegedly false and misleading statements related to its business and operations.

While Kid Brands’ 12months Total Revenue went from $147.10million to $243.94million in 2009 its Net Income went from a Net Loss of $9.44million in 2006 to a Net Income of $8.91million in 2007 to a substantial Net Loss of $111.56million in 2008 to a Net Income of $11.71million in 2009.

For the first three quarters in 2010 Kid Brands Inc reported a combined nine months Total Revenue of $200.52million with a combined nine months Net Income of $11.91million.

Shares of Kid Brands Inc traded during 2009 as low as $3.64 and increased to over $10 in April 2010. Recently NYSE: KID shares traded as high as $9.44 per share on March 10.

Then on March 15, 2011 Kid Brands Inc (NYSE: KID) announced a leadership change at its LaJobi subsidiary and said Rick Schaub has been appointed as President of LaJobi, effective immediately, in addition to his ongoing role as President of Kid Brands’ Sassy subsidiary.

Kid Brands Inc said it took these actions based on the findings to date of an investigation into LaJobi, initiated at the direction of the Board of Directors, and supervised by a Special Committee of three non-management members of the Board.

Kid Brands Inc said its investigation was initiated after its Board was made aware of potential issues regarding customs duty paid on products imported into the U.S., while LaJobi was in the process of discussing customs duty issues with U.S. Customs and Border Protection.

Kid Brands Inc disclosed that its Board’s investigation has found instances at LaJobi in which incorrect import duties were applied on certain wooden furniture imported from vendors in China, resulting in a violation of anti-dumping regulations. On the basis of the investigation, so Kid Brands Inc, the Board concluded that there was misconduct involved on the part of certain LaJobi employees in connection with the incorrect payment of duties, including misidentifying the manufacturer and shipper of products. Kid Brands Inc said its ongoing investigation is also focusing on certain of LaJobi’s business and staffing practices in Asia.

Following the announcement shares of Kid Brands Inc (NYSE: KID) dove from $9.24 per share on March 14, 2011 to as low as $6.60 per share during Tuesday’s trading.