posted by on Dec 4
In Minneapolis this December, a Securities Class Action Lawsuit was filed against Carter’s, stating their finances were overstated, among other things. The period of accounting misrepresentation was from April 27, 2004 to November 10, 2009. If you bought securities from Carter’s during this time, then you can become part of the Securities Class Action against Carter’s. You have until January 19, 2010 to claim your part in this class action lawsuit.
The class action lawsuit states that Carter’s lacked certain internal controls and therefore misreported their finances, causing consumer to purchase securities based on false information. They understated income in violation of GAAP conventions. All financial reports from this period were false and misleading. Therefore, any securities purchases during this time qualify purchasers to include themselves in the Securities Class Action against Carter’s. If you purchased stock during the roughly five year period stated above, you can contact the law firm in charge of this Securities class action lawsuit at 651- 633-5685 in Minnesota.
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