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...
To view the full article, register now.




Case Information

Case Title

Plymouth County Retirement System v. Carter's Inc. et al

Case Number



Georgia Northern

Nature of Suit



Amy Totenberg

Date Filed

September 19, 2008

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.