Kindercare Learning Companies, Inc.(US:KLC) GlobeNewswire News Room·2025-09-02 13:46Core Viewpoint - KinderCare Learning Companies, Inc. is facing a securities fraud class action lawsuit related to its initial public offering in October 2024, alleging misrepresentations about the child care services offered by the company [3]. Group 1: Lawsuit Details - A class action lawsuit has been filed in the United States District Court for the District of Oregon on behalf of investors who purchased or acquired KinderCare common stock during or traceable to the October 2024 IPO [3]. - The lawsuit alleges violations of the Securities Act of 1933 against KinderCare and certain senior officers, claiming that they made misrepresentations regarding the child care services provided by the company [3]. Group 2: Legal Participation - Investors wishing to serve as lead plaintiffs must file necessary documents by October 14, 2025, with the role involving directing the litigation on behalf of other class members [4]. - Participation as a lead plaintiff is not required to share in any potential recovery, and shareholders can remain absent class members if they choose not to take action [4]. Group 3: Law Firm Background - Bernstein Liebhard LLP, the law firm handling the case, has recovered over $3.5 billion for clients since 1993 and has represented both individual investors and large public and private pension funds [5]. - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for sixteen consecutive years [5].