The Gross Law Firm notifies investors that a class action has commenced in the United States District Court for the District of Oregon on behalf of shareholders of KinderCare Learning Companies, Inc. who purchased purchasers of KinderCare common stock in or traceable to the Company’s October 2024 initial public offering.
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) numerous incidents of child abuse, neglect, and harm had occurred at KinderCare facilities; (b) KinderCare did not provide the “highest quality care possible” at its facilities, and, indeed, in numerous instances had failed to provide even basic care, meet minimum standards in the child care industry, or comply with the laws and regulations governing the care of children; and (c) as a result of (a)-(b) above, KinderCare was exposed to a material, undisclosed risk of lawsuits, adverse regulatory action, negative publicity, reputational damage, and business loss.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until October 14, 2025 to request that the court appoint them lead plaintiff.
To receive more information, please fill out the form.
