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The Gross Law Firm Notifies Shareholders of KinderCare Learning Companies, Inc. (KLC) of a Class Action Lawsuit and an Upcoming Deadline
Kindercare Learning Companies, Inc.Kindercare Learning Companies, Inc.(US:KLC) GlobeNewswire News Roomยท2025-08-21 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].