The law firm of Lieff, Cabraser, Heimann & Bernstein, LLP reminds investors of the upcoming May 23, 2011 deadline to move for appointment as lead plaintiff in the class action lawsuit against Kid Brands, Inc. (“Kid Brands” or the “Company”) (NYSE: KID). The lawsuit is brought on behalf of all persons who purchased the common stock of Kid Brands between March 26, 2010 and March 15, 2011, inclusive (the “Class Period”).

If you purchased Kid Brands common stock during the Class Period, you may move the Court for appointment as lead plaintiff by no later than May 23, 2011. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in this action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in this action.

Kid Brands shareholders who wish to learn more about this action and how to seek appointment as lead plaintiff may visit Lieff Cabraser’s website at http://www.lieffcabraser.com/securities-investor-fraud/case/454/kid-brands-inc-securities-fraud-class-litigation or contact Sharon M. Lee of Lieff Cabraser toll free at (800) 541-7358.

Background on Kid Brands Securities Class Litigation

The action, pending in the United States District Court for the District of New Jersey, was brought against Kid Brands and certain of its officers and directors for violations of the Securities Exchange Act of 1934. Kid Brands, headquartered in East Rutherford, New Jersey, describes itself as a designer and marketer of branded infant and juvenile products including infant bedding, nursery accessories and décor, nursery furniture, developmental toys, and other feeding, bath, and baby care items.

On March 15, 2011, Kid Brands announced that it had terminated two high-level executives at its LaJobi subsidiary after discovering instances at LaJobi in which incorrect import duties were applied on certain furniture imported from vendors in China, constituting a violation of anti-dumping regulations. Based on the Company’s internal investigation into the matter, the Board concluded that there was misconduct involved on the part of certain LaJobi employees in connection with the incorrect payment of duties, including the misidentification of product manufacturer and shipper. Kid Brands stated that the investigation also focuses on certain of LaJobi’s business and staffing practices in Asia.

The Company estimated that it will incur approximately $7 million in costs relating to customs duties owed and that it may be penalized up to 1x customs duty by U.S. Customs along with assessments for additional duties on other items. In response to this news, the price of Kid Brands stock fell $2.33 per share, or 25.2 percent, to close at $6.91 per share on March 15, 2011, on unusually heavy trading volume.

Lieff, Cabraser, Heimann & Bernstein, LLP, with offices in San Francisco, New York and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

Since 2003, the National Law Journal has selected Lieff Cabraser as one of the top plaintiffs’ law firms in the nation. In compiling the list, the National Law Journal examined recent verdicts and settlements in addition to overall track records. Lieff Cabraser is one of only two plaintiffs’ law firms in the United States to receive this honor for the last eight consecutive years.

For more information about Lieff Cabraser and the firm’s representation of investors, please visit http://www.lieffcabraser.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kid Brands (CE) (USOTC:KIDBQ)
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