The Law Firm Of Labaton Sucharow LLP Announces Summary Notice Of Pendency Of Class Action And Proposed Settlement With PricewaterhouseCoopers LLP And Motion For Attorneys' Fees And Expenses

ATLANTA, June 19, 2013 /PRNewswire/ --

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF GEORGIA

To: ALL PERSONS WHO PURCHASED THE PUBLICLY TRADED SECURITIES OF CARTER'S, INC. DURING THE PERIOD FROM MARCH 16, 2005 THROUGH NOVEMBER 10, 2009, INCLUSIVE, AND WERE ALLEGEDLY DAMAGED THEREBY (THE "SETTLEMENT CLASS").

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the Court, that the above-captioned action has been preliminarily certified as a class action and that a Settlement for $3.3 million with PricewaterhouseCoopers LLP ("PwC" or the "Defendant") has been proposed.  The proposed Settlement resolves all remaining claims in a class action lawsuit concerning an alleged scheme to mislead investors regarding the financial condition and practices of Carters, Inc. ("Carter's") during the period from March 16, 2005 through November 10, 2009, inclusive.  A hearing will be held before the Honorable Amy Totenberg of the United States District Court for the Northern District of Georgia in the Richard B. Russell Federal Building and United States Courthouse, 75 Spring Street, SW, Atlanta, GA 30303-3309, at 11:00  a.m., on October 8, 2013, in Courtroom 2308 to, among other things, determine whether the proposed settlement should be approved by the Court as fair, reasonable and adequate; determine whether the proposed Plan of Allocation for distribution of the Settlement proceeds should be approved as fair and reasonable; and to consider the application of Lead Counsel for attorneys' fees and payment of expenses.  The Court may change the date of the hearing without providing another notice.

IF YOU ARE A MEMBER OF THE SETTLEMENT CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT PROCEEDS.  If you have not yet received the full printed Notice of Pendency of Class Action and Proposed Settlement with PricewaterhouseCoopers LLP and Motion for Attorneys' Fees and Expenses ("Notice") or a Proof of Claim and Release form ("Proof of Claim") (if you did not already submit one in connection with the previously approved settlement with Carter's (the "Carter's Settlement"), you may obtain copies of these documents by contacting the Claims Administrator:

In re Carter's Inc. Securities Litigation
Claims Administrator
PO Box 5110
Portland, OR 97208-5110
(866) 833-7918
www.carterssecuritieslitigation.com

The Claims Administrator can also help you if you have questions about these documents.  Inquiries, other than requests for the forms of Notice and Proof of Claim or help with a claim, may be made to Lead Counsel:

Labaton Sucharow LLP
Jonathan Gardner
140 Broadway
New York, New York 10005
(888) 219-6877
www.labaton.com or
[email protected]

If you are a Settlement Class Member, to participate in the proposed Settlement and be eligible to receive a recovery, you must either (1) have already submitted a claim in connection with the Carter's Settlement; or (2) if you did not previously submit a claim, submit a Proof of Claim in the proposed Settlement postmarked no later than October 3, 2013.  To exclude yourself from the Settlement Class, you must submit a written request for exclusion in accordance with the instructions set forth in the Notice such that it is received or postmarked no later than September 17, 2013.  If you are a Settlement Class Member and do not exclude yourself from the Settlement Class, you will be bound by the Court's Final Order and Judgment as to PricewaterhouseCoopers LLP.  Any objections to the Settlement, Plan of Allocation, or Lead Counsel's application for attorneys' fees and payment of expenses must be filed with the Court and served on counsel for the Settling Parties in accordance with the instructions set forth in the Notice, such that they are received or postmarked no later than September 17, 2013.  If you are a Settlement Class Member and do not submit an acceptable claim, you will not share in the Settlement but you nevertheless will be bound by the Court's Final Order and Judgment as to PricewaterhouseCoopers LLP.

Further information may be obtained by contacting the Claims Administrator.

SOURCE United States District Court Northern District of Georgia