Kindercare Learning Companies, Inc.(US:KLC) Globenewswire·2025-09-15 19:50Core 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]. Group 1: Allegations and 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]. - Allegations include that KinderCare failed to disclose numerous incidents of child abuse, neglect, and harm at its facilities, and did not provide the "highest quality care possible," failing to meet basic standards in the child care industry [3]. - As a result of these issues, KinderCare is exposed to undisclosed risks including lawsuits, regulatory actions, negative publicity, reputational damage, and business loss [3]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by the deadline of October 14, 2025, to potentially be appointed as lead plaintiffs [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4]. - Participation in the case incurs no cost or obligation for shareholders [4]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated stock prices [5].