Kindercare Learning Companies, Inc.(US:KLC) GlobeNewswire News Roomยท2025-08-22 19:00Core 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].