NEW YORK -- Levi & Korsinsky is investigating prospective claims on behalf of purchasers of the securities of Child Brands, Inc. (NYSE: Child) regarding attainable violations of federal securities laws.
On March fifteen, 2011, Child Brand names announced it would delay the filing of its Annual Report for the yr ended December 31, 2010 because of to related information uncovered throughout an investigation into practices at its LaJobi subsidiary. The investigation uncovered occasions wherever incorrect import responsibilities were utilized to furniture imported from vendors in China, resulting in violations of anti-dumping laws. As a outcome of the continuing investigation, LaJobi’s President, Larry Bivona, was terminated. Following the announcement, shares of Child Brands dropped from a near of $9.24 for each share on March 14, 2011 to a buying and selling minimal of $6.57 on March fifteen, 2011.
The investigation fears no matter if the Child Brand names issued materially inaccurate money statements to the investing public and regardless if the officers and directors of the corporation failed to exercised ideal oversight through the LaJobi subsidiary.
If you individual Child Makes stock and wish to receive added information and facts about the investigation and your legal rights, please contact Joseph E. Levi, Esq. possibly by way of e-mail at jlevi@zlk.com or by telephone at (212) 363-7500, toll-totally free: (877) 363-5972, or stop by http://www.zlk.com/child-brands.html.
Levi & Korsinsky has knowledge in prosecuting investor securities litigation and intensive practical experience in steps involving personal fraud and represents traders throughout the nation, concentrating its apply in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by various courts all through the region to serve as lead counsel on behalf of shareholders in leading litigations involving mergers and acquisitions. For a whole lot more information and facts, please sense complimentary to contact any of the attorneys listed below. Lawyer promoting. Prior final results do not ensure the same outcomes.