Kid Clothing Giant's Investors Urge Approval Of $3M PwC Deal

Law360, Washington (September 3, 2013, 1:50 PM EDT) -- The lead plaintiff in a putative class action accusing children’s clothing maker Carter’s Inc. of a scheme to artificially inflate its stock price urged a Georgia federal judge Friday to grant final approval to a $3.3 million settlement with Carter's auditor PricewaterhouseCoopers, saying the deal is fair.

According to the Plymouth County Retirement System, the $3.3 million deal for the class to end its claims that PwC had aided Carter’s alleged scheme to mislead investors through “smoothed” financial statements represents an “excellent” recovery when weighed against...
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