Kendall Law Group Investigating Carters, Inc. for Shareholders

DALLAS--(BUSINESS WIRE)--Kendall Law Group, founded by a former federal judge, today began an investigation on behalf of Carter’s, Inc. (NYSE: CRI) shareholders. The investigation concerns possible breaches of fiduciary duties after the announcement on Monday that the company concluded its consolidated financial statements for the fiscal years 2004 through 2008, and the fiscal quarters from Sept. 29, 2007 through July 4, 2009, should be restated.

On November 9, 2009, the announcement by the Georgia-based company caused stock prices to drop by as much as 15%. Last month the company announced it would need additional time to review accounting for discounts offered to wholesale customers, delaying the report of its third quarter results.

The announcement has caused speculation that there may be a change in company management, since the current CEO, Michael Casey was the company’s Chief Financial Officer during the stated periods. Carter’s stock has lost about one quarter of its overall value since October 26, 2009, shortly before the accounting issue was announced.

If you are a current holder of Carter’s stock and would like additional information concerning this investigation, including your shareholder rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.

Kendall Law Group has substantial experience representing investors in securities lawsuits nationwide. Lawyers at the firm include a former state and federal judge, a former United States Attorney, and experienced securities lawyers.

Kendall Law Group, LLP
Hamilton Lindley, 214-744-3000
877-744-3728 Toll Free
214-744-3015 Facsimile
hlindley@kendalllawgroup.com
www.kendalllawgroup.com