Bernstein Liebhard LLP Investigating Kid Brands, Inc.
23 3월 2011 - 3:21AM
Business Wire
Bernstein Liebhard LLP is investigating whether wrongdoing
occurred at Kid Brands, Inc. (“Kid” or the “Company”) (NYSE:
KID).
On March 15, 2011, Kid announced it would delay the filing of
its Annual Report for the year ended December 31, 2010 due to
information uncovered during an investigation into practices at its
LaJobi subsidiary. The investigation found instances where
incorrect import duties were applied to furniture imported from
vendors in China, resulting in violations of anti-dumping
regulations. As a result of the continuing investigation, LaJobi’s
President, Larry Bivona, was terminated. Following the
announcement, shares of Kid fell from a close of $9.24 per share on
March 14, 2011 to a trading low of $6.57 on March 15, 2011.
The investigation concerns whether Kid issued materially
inaccurate financial statements to the investing public and whether
the officers and directors of the company failed to exercise
appropriate oversight of the LaJobi subsidiary.
If you are interested in discussing your rights as a Kid
shareholder and/or have information relating to the matter, please
contact Joseph R. Seidman, Jr. at (877) 779-1414 or
seidman@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer
cases and recovered almost $3 billion for its clients. It has been
named to The National Law Journal’s “Plaintiffs’ Hot List” in each
of the last eight years.
Bernstein Liebhard LLP 10 East 40th Street New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2011 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
Kid Brands (CE) (USOTC:KIDBQ)
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부터 11월(11) 2024 으로 12월(12) 2024
Kid Brands (CE) (USOTC:KIDBQ)
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부터 12월(12) 2023 으로 12월(12) 2024
Kid Brands Inc (CE) (OTC 시장)의 실시간 뉴스: 최근 기사 0
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