Kindercare Learning Companies, Inc.(KLC)
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Levi & Korsinsky Notifies Shareholders of KinderCare Learning Companies, Inc. (KLC) of a Class Action Lawsuit and an Upcoming Deadline
GlobeNewswire News Room· 2025-08-25 20:46
Core Viewpoint - A class action securities lawsuit has been filed against KinderCare Learning Companies, Inc. due to alleged securities fraud affecting investors who purchased shares during the October 2024 initial public offering [1][2]. Group 1: Lawsuit Details - The lawsuit aims to recover losses for investors adversely affected by alleged securities fraud related to KinderCare Learning Companies, Inc. [2] - The complaint alleges that KinderCare concealed incidents of child abuse, neglect, and harm at its facilities, failed to provide high-quality care, and did not meet minimum standards in the child care industry [3]. - As a result of these issues, KinderCare is said to be exposed to undisclosed risks including lawsuits, regulatory actions, negative publicity, reputational damage, and business loss [3]. Group 2: Next Steps for Investors - Investors who suffered losses in KinderCare Learning Companies, Inc. during the relevant timeframe have until October 14, 2025, to request appointment as lead plaintiff [4]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [4]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securing compensation for shareholders and is recognized as one of the top securities litigation firms in the United States [5].
NYSE: KLC Lawsuit Alert: Investors who lost money with KinderCare Learning Companies, Inc. (NYSE: KLC) shares should contact the Shareholders Foundation
Prnewswire· 2025-08-25 14:10
Core Viewpoint - A lawsuit has been filed against KinderCare Learning Companies, Inc. by an investor, alleging violations of securities laws related to the company's initial public offering (IPO) in October 2024, specifically concerning undisclosed incidents of child abuse and neglect at its facilities [2]. Group 1: Lawsuit Details - The plaintiff claims that the registration statement for KinderCare's IPO was false and misleading, failing to disclose numerous incidents of child abuse, neglect, and harm at KinderCare facilities [2]. - Allegations include that KinderCare did not provide the "highest quality care possible" and often failed to meet basic care standards in the child care industry [2]. - The lawsuit suggests that KinderCare is exposed to material risks, including potential lawsuits, regulatory actions, negative publicity, reputational damage, and business loss due to these undisclosed issues [2]. Group 2: Investor Information - Investors who purchased shares of KinderCare Learning Companies, Inc. are encouraged to contact the Shareholders Foundation for further information regarding their options [1][3]. - The Shareholders Foundation provides services related to shareholder issues, including legal monitoring and information on securities class actions, but is not a law firm [3].
ROSEN, LEADING INVESTOR COUNSEL, Encourages KinderCare Learning Companies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – KLC
GlobeNewswire News Room· 2025-08-24 16:52
Core Viewpoint - A class action lawsuit has been filed against KinderCare Learning Companies, Inc. regarding its October 2024 initial public offering, alleging that the registration statement was misleading and failed to disclose significant issues related to child care quality and safety [1][5]. Group 1: Lawsuit Details - The lawsuit claims that KinderCare facilities experienced numerous incidents of child abuse, neglect, and harm, contradicting the company's assertion of providing "the highest quality care possible" [5]. - It is alleged that KinderCare did not meet basic care standards or comply with relevant laws and regulations governing child care, exposing the company to undisclosed risks of lawsuits and reputational damage [5]. - Investors are reportedly suffering damages as a result of the misleading information that was not disclosed prior to the IPO [5]. Group 2: Legal Process and Participation - Investors who purchased KinderCare common stock may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To participate in the class action, investors must act before October 14, 2025, to serve as lead plaintiff, which involves directing the litigation on behalf of other class members [3][5]. - The Rosen Law Firm encourages investors to select qualified legal counsel with a successful track record in securities class actions [4].
KLC INVESTOR NOTICE: Investor Files Class Action Lawsuit Against KinderCare Learning Companies, Inc. and Attorneys Announce Opportunity for Investors with Substantial Losses to Lead Investor Class Action Lawsuit
Prnewswire· 2025-08-23 14:15
Core Viewpoint - The article discusses a class action lawsuit against KinderCare Learning Companies, Inc. related to its October 2024 IPO, alleging violations of the Securities Act of 1933 due to misleading statements and undisclosed risks associated with the company's operations [1][3]. Group 1: Class Action Lawsuit Details - Purchasers of KinderCare common stock in or traceable to the IPO have until October 13, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit, Gollapalli v. KinderCare Learning Companies, Inc., alleges that the registration statement for the IPO was false and misleading, failing to disclose incidents of child abuse and neglect at KinderCare facilities [3]. - The lawsuit claims that KinderCare did not provide the "highest quality care possible" and failed to meet minimum standards in the child care industry, exposing the company to undisclosed risks [3]. Group 2: Financial Impact - Since the IPO, KinderCare's stock price has fallen to lows near $9 per share, significantly below the IPO price of $24 per share [4]. - The IPO raised $648 million in gross offering proceeds by selling over 27 million shares of common stock [2]. Group 3: Legal Representation - The plaintiff is represented by Robbins Geller Rudman & Dowd LLP, a law firm with extensive experience in prosecuting investor class actions, particularly those involving financial fraud [4][6]. - Robbins Geller has been recognized for securing substantial monetary relief for investors, recovering over $2.5 billion in 2024 alone [6].
KLC Investors Have Opportunity to Lead KinderCare Learning Companies, Inc. Securities Fraud Lawsuit
Prnewswire· 2025-08-23 00:33
Core Viewpoint - A class action lawsuit has been filed against KinderCare Learning Companies, Inc. regarding misleading information in their registration statement related to their October 2024 initial public offering [1][5]. Group 1: Lawsuit Details - The lawsuit claims that the registration statement was false and/or misleading, failing to disclose incidents of child abuse, neglect, and harm at KinderCare facilities [5]. - It alleges that KinderCare did not provide the "highest quality care possible" and failed to meet basic standards in the child care industry, exposing the company to undisclosed risks of lawsuits and reputational damage [5]. - Investors are encouraged to join the class action lawsuit, with no out-of-pocket fees through a contingency fee arrangement [2][3]. Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has a history of significant recoveries for investors, including over $438 million in 2019 alone [4]. - Investors can join the class action by submitting a form or contacting the firm directly for more information [3][6].
KLC INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against KinderCare Learning Companies, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Investor Class Action Lawsuit
GlobeNewswire News Room· 2025-08-22 19:00
Core Viewpoint - The KinderCare Learning Companies, Inc. is facing a class action lawsuit related to its October 2024 IPO, alleging violations of the Securities Act of 1933 due to misleading statements and undisclosed risks regarding child care quality and incidents of abuse [1][3]. Group 1: Class Action Lawsuit Details - The lawsuit, titled Gollapalli v. KinderCare Learning Companies, Inc., is pending in the District of Oregon and allows investors who purchased shares during the IPO to seek lead plaintiff status by October 13, 2025 [1][2]. - KinderCare's IPO raised $648 million by selling over 27 million shares at $24 each [2]. - Allegations include that the registration statement for the IPO was false or misleading, failing to disclose incidents of child abuse and neglect, and that KinderCare did not meet basic care standards [3]. Group 2: Stock Performance and Legal Representation - Since the IPO, KinderCare's stock price has dropped to approximately $9 per share, indicating significant financial loss for investors [4]. - The plaintiffs are represented by Robbins Geller Rudman & Dowd LLP, a law firm with extensive experience in prosecuting investor class actions [4]. Group 3: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased KinderCare common stock in or traceable to the IPO to seek lead plaintiff status [5]. - The lead plaintiff represents the interests of all class members and can select a law firm for litigation [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6]. - The firm has been ranked 1 in securing monetary relief for investors in securities class actions for four out of the last five years [6].
Deadline Alert: KinderCare Learning Companies, Inc. (KLC) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
GlobeNewswire News Room· 2025-08-22 16:00
Core Viewpoint - KinderCare Learning Companies, Inc. is facing a class action lawsuit due to allegations of child abuse and neglect at its facilities, which has led to significant stock price declines and investor losses following negative reports [3][4][5][6]. Group 1: Company Background - KinderCare conducted its initial public offering (IPO) in October 2024, selling over 27 million shares at $24 per share [2]. - The company is publicly traded on the New York Stock Exchange under the ticker symbol KLC [1]. Group 2: Allegations and Reports - A report published by Bear Cave on April 3, 2025, accused KinderCare of failing to provide a safe environment, citing incidents of child neglect and abuse, including arrests of employees for child sex abuse [3]. - Following the April report, KinderCare's stock price dropped by $1.59, or 12.4%, closing at $11.19 per share [4]. - A subsequent report on June 5, 2025, indicated that allegations against KinderCare were increasing, with lawmakers calling for accountability, resulting in a further stock price decline of $0.63, or 5.5%, to close at $10.78 per share [5][6]. Group 3: Lawsuit Details - The class action lawsuit alleges that KinderCare made materially false and misleading statements regarding its business operations and failed to disclose incidents of child abuse and neglect [6]. - Specific claims include that KinderCare did not provide the highest quality care, failed to meet minimum standards, and was exposed to undisclosed risks of lawsuits and reputational damage [6]. - Investors who purchased KinderCare stock during the IPO are encouraged to file a lead plaintiff motion by October 14, 2025 [7].
Investors who lost money on KinderCare Learning Companies, Inc.(KLC) should contact Levi & Korsinsky about pending Class Action - KLC
Prnewswire· 2025-08-22 12:45
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United ...
KLC Investor Update: Class Action Lawsuit Filed Against KinderCare Over IPO– Hagens Berman
GlobeNewswire News Room· 2025-08-21 20:34
Core Viewpoint - A securities class action lawsuit has been filed against KinderCare, alleging that the company misled investors during its October 2024 IPO by failing to disclose significant risks related to the quality and safety of its childcare services [1][2]. Group 1: Lawsuit Details - The lawsuit claims that KinderCare's IPO documents falsely portrayed its services as consistently "high-quality" and a "safe, nurturing and engaging environment," while neglecting to disclose incidents of child abuse, neglect, and harm at its facilities [2][6]. - The lead plaintiff deadline for the lawsuit is set for October 14, 2025, and investors who suffered substantial losses are encouraged to submit their claims [2][4]. Group 2: Financial Impact - Following the allegations and revelations, KinderCare's share price has fallen significantly below the initial IPO price of $24, indicating a loss of investor confidence [3]. - The company has reported disappointing financial results since going public, citing a decline in enrollment as a contributing factor [3]. Group 3: Investigative Actions - Hagens Berman, the law firm leading the investigation, is focusing on whether KinderCare's offering documents misrepresented the company's quality and concealed safety failures that have jeopardized its reputation and business model [5]. - The lawsuit references research reports from analyst Edwin Dorsey, which highlighted incidents of child endangerment and noted increasing scrutiny from lawmakers [6].
The Gross Law Firm Notifies Shareholders of KinderCare Learning Companies, Inc. (KLC) of a Class Action Lawsuit and an Upcoming Deadline
GlobeNewswire News Room· 2025-08-21 19:16
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of KinderCare Learning Companies, Inc. regarding a class action lawsuit related to allegations of child abuse and neglect at its facilities, which may have led to misleading statements about the quality of care provided [1][3]. Summary by Relevant Sections Class Action Details - The lawsuit is on behalf of all purchasers of KinderCare common stock during the class period, which traces back to the Company's October 2024 initial public offering [3]. - Shareholders are encouraged to register for the class action by the deadline of October 14, 2025, to potentially become lead plaintiffs [4]. Allegations Against KinderCare - The complaint alleges that KinderCare issued materially false and misleading statements, failing to disclose incidents of child abuse, neglect, and harm at its facilities [3]. - It is claimed that KinderCare did not provide the "highest quality care possible" and failed to meet basic standards in the child care industry, exposing the company to undisclosed risks of lawsuits and reputational damage [3]. Next Steps for Shareholders - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates on the case [4]. - There is no cost or obligation for shareholders to participate in the class action [4]. Firm's Commitment - The Gross Law Firm aims to protect the rights of investors affected by deceit and illegal business practices, emphasizing the importance of responsible corporate behavior [5].