N🟁N

Bernstein Liebhard LLP Investigating Kid Brands, Inc.

  //house-home.news-articles.net/content/2011/03/2 .. n-liebhard-llp-investigating-kid-brands-inc.html
  Published in House and Home on Tuesday, March 22nd 2011 at 11:30 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

NEW YORK--([ BUSINESS WIRE ])--Bernstein Liebhard LLP is investigating whether wrongdoing occurred at Kid Brands, Inc. (aKida or the aCompanya) (NYSE: KID).

On March 15, 2011, Kid announced it would delay the filing of its Annual Report for the year ended December 31, 2010 due to information uncovered during an investigation into practices at its LaJobi subsidiary. The investigation found instances where incorrect import duties were applied to furniture imported from vendors in China, resulting in violations of anti-dumping regulations. As a result of the continuing investigation, LaJobia™s President, Larry Bivona, was terminated. Following the announcement, shares of Kid fell from a close of $9.24 per share on March 14, 2011 to a trading low of $6.57 on March 15, 2011.

The investigation concerns whether Kid issued materially inaccurate financial statements to the investing public and whether the officers and directors of the company failed to exercise appropriate oversight of the LaJobi subsidiary.

If you are interested in discussing your rights as a Kid shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or [ seidman@bernlieb.com ].

Bernstein Liebhard has pursued hundreds of securities, [ consumer ] cases and recovered almost $3 billion for its clients. It has been named to The National Law Journala™s aPlaintiffsa™ Hot Lista in each of the last eight years.

ATTORNEY ADVERTISING. © 2011 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.