Crown Crafts, Inc. Announces Dismissal Of Class Action Lawsuit
GONZALES, La., Sept. 9, 2013 /PRNewswire/ -- Crown Crafts, Inc. (the "Company") (NASDAQ-CM: CRWS) today announced that a class action lawsuit against the Company and its wholly-owned subsidiary, Crown Crafts Infant Products, Inc. ("CCIP"), has been dismissed.
The lawsuit, filed in March 2013, alleged that CCIP's crib bumper products put children at risk of suffocation or crib death and that the Company and CCIP concealed and failed to disclose these purported risks through allegedly false and misleading advertising and product packaging. The complaint did not allege that any child had actually been harmed by these products. The complaint alleged violations of various consumer protection laws in California. On September 6, 2013, the federal court in Los Angeles, California dismissed the case without prejudice in its entirety.
About Crown Crafts, Inc.
Crown Crafts, Inc. designs, markets and distributes infant, toddler and juvenile consumer products, including crib and toddler bedding and blankets; nursery and bath accessories; reusable and disposable bibs and floor mats; burp cloths; room decor; and disposable placemats, toilet seat covers and changing mats. The Company's operating subsidiaries include Crown Crafts Infant Products, Inc. in California and Hamco, Inc. in Louisiana. Crown Crafts is among America's largest producers of infant bedding, bibs and bath items. The Company's products include licensed and branded collections as well as exclusive private label programs for certain of its customers. The latest news about Crown Crafts can be found at www.crowncrafts.com.
Investor Relations Department
Halliburton Investor Relations
SOURCE Crown Crafts, Inc.
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