House & Home
Tue, April 5, 2011Mon, April 4, 2011Sat, April 2, 2011Fri, April 1, 2011Thu, March 31, 2011Wed, March 30, 2011Tue, March 29, 2011Mon, March 28, 2011Sun, March 27, 2011Fri, March 25, 2011Thu, March 24, 2011Wed, March 23, 2011Tue, March 22, 2011Mon, March 21, 2011Sat, March 19, 2011Fri, March 18, 2011Thu, March 17, 2011Wed, March 16, 2011Tue, March 15, 2011Mon, March 14, 2011Fri, March 11, 2011Thu, March 10, 2011Wed, March 9, 2011Tue, March 8, 2011Mon, March 7, 2011Sun, March 6, 2011Sat, March 5, 2011Fri, March 4, 2011Thu, March 3, 2011Wed, March 2, 2011Tue, March 1, 2011Mon, February 28, 2011Sun, February 27, 2011Fri, February 25, 2011Thu, February 24, 2011Robbins Umeda LLP Announces an Investigation of Kid Brands, Inc.
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Published in House and Home on Thursday, March 17th 2011 at 10:40 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
SAN DIEGO--([ BUSINESS WIRE ])--[ Robbins Umeda LLP ], a [ shareholder rights litigation ] firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Kid Brands, Inc. (NYSE: KID). Kid Brands designs and distributes infant and juvenile consumer products. Kid Brands is headquartered in Wayne, New Jersey.
If you own or purchased stock in Kid Brands and would like more information about your [ shareholder rights ], please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at [ info@robbinsumeda.com ]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
On March 15, 2011, Kid Brands announced that it will delay the filing of its Annual Report for the year ended December 31, 2010, due to matters it uncovered during its investigation into its LaJobi subsidiary. Kid Brands stated that its investigation uncovered instances at LaJobi in which incorrect import duties were applied on certain wooden furniture imported from vendors in China, resulting in a violation of anti-dumping regulations. As a result, the Company terminated LaJobi's President, Larry Bivona, and its Managing Director. Robbins Umeda LLP's investigation concerns whether the officers and directors of Kid Brands issued materially inaccurate financial statements to the investing public, whether they conducted adequate due diligence into LaJobi before acquiring it, and whether they exercised appropriate oversight of LaJobi.
Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The law firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career [ shareholder rights attorneys ]. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to [ http://www.robbinsumeda.com ].
Press release link: [ http://www.robbinsumeda.com/shareholders-rights-blog/kid-brands-inc/ ]
Attorney Advertising. Past results do not guarantee a similar outcome. We welcome you to [ contact us ] today to discuss your case.
