WASHINGTON--(BUSINESS WIRE)--Finkelstein Thompson LLP announces that it has filed a class action complaint in the United States District Court for the Northern District of Georgia on behalf of purchasers of the securities of Carter’s, Inc. (“Carter’s” or the “Company”) (NYSE:CRI - News) between April 27, 2004 and November 10, 2009, inclusive (the “Class Period”). At present, this is the first and only currently pending class action of its type against Carter’s.

Finkelstein Thompson welcomes inquiries from institutions or individuals interested in acting as “lead plaintiff” in this litigation. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. The deadline for moving for such appointment is January 19, 2010. If you are interested in acting as lead plaintiff, or if you have any other questions about the litigation, please contact Donald J. Enright, Esq. by email at contact@finkelsteinthompson.com or via toll-free telephone at (877) 337-1050.

The complaint charges Carter’s and certain of its officers and directors (“Defendants”) with violating the Securities Exchange Act of 1934 in issuing materially false and misleading statements regarding the Company’s financial results and compliance with Generally Accepted Accounting Principles (“GAAP”). Specifically, the complaint alleges that the Company improperly reported margin support payments to major wholesale customers in incorrect periods, which resulted in artificially inflated prices during the Class Period for Carter’s shares. When Carter’s revealed this would require it to restate four years of earnings, Carter’s shares plunged in value.

Finkelstein Thompson LLP is located at 1050 30^th St NW, Washington, DC, 20007. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com.

Finkelstein Thompson LLP
Donald Enright, 202-337-8000