NEW YORK -- Bernstein Liebhard LLP is investigating irrespective of whether wrongdoing occurred at Kid Brands, Inc. (“Kid” or the “Company”) (NYSE: Child).
On March 15, 2011, Kid introduced it would delay the filing of its Annual Report for the yr ended December 31, 2010 because of to info uncovered in the course of an investigation into practices at its LaJobi subsidiary. The investigation observed situations wherever incorrect import responsibilities were utilized to furnishings imported from vendors in China, resulting in violations of anti-dumping rules. As a consequence of the continuing investigation, LaJobi’s President, Larry Bivona, was terminated. Following the announcement, shares of Child fell from a close of $9.24 per share on March 14, 2011 to a trading small of $six.57 on March 15, 2011.
The investigation considerations no matter if Child issued materially inaccurate personal statements to the investing public and whether or not the officers and directors of the business enterprise failed to working out best suited oversight of the LaJobi subsidiary.
If you are interested in talking about your rights as a Child shareholder and/or have critical information relating to the matter, please communicate with Joseph R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, purchaser circumstances and recovered essentially $three billion for its customers. It has been named to The Nationwide Law Journal’s “Plaintiffs’ Hot List” in each and every of the very last 8 several years.
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Attorney Marketing. © 2011 Bernstein Liebhard LLP. The law company responsible for this advertisement is Bernstein Liebhard LLP, ten East 40th Street, New York, New York 10016, (212) 779-1414. Prior benefits do not ensure or predict a related end result with respect to any foreseeable future issue.
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