Barrack, Rodos & Bacine Announces an Investigation into Carter’s, Inc.

Barrack, Rodos & Bacine is investigating potential claims on behalf of shareholders of Carter’s, Inc. (NYSE:CRI) (“Carter’s” or the “Company”).

On October 27, 2009, Carter’s announced that it would delay its scheduled earnings release in order to complete a review of its accounting for margin support to wholesale customers. After the market closed on November 9, 2009, the Company announced that it would, in fact, need to restate its financial results for each fiscal year from 2004 through 2008 and for each fiscal quarter from September 2007 through June 2009.

In response to these disclosures, the stock has declined nearly 24% and the Company has lost more than $350 million of market capitalization.

If you own shares in Carter’s and would like to learn more about your rights as a shareholder, please contact Rick Komins of Barrack, Rodos & Bacine, 3300 Two Commerce Square, 2001 Market Street, Philadelphia, PA 19103, by telephone at (215) 963-0600 or by email at rkomins@barrack.com.