Scott+Scott Attorneys at Law LLP Reminds Investors That It Has Filed a Securities Class Action Against KinderCare Learning Companies, Inc. (NYSE: KLC)

Core Viewpoint - A securities class action lawsuit has been filed against KinderCare Learning Companies, Inc. for allegedly misleading investors during its October 2024 IPO, claiming that the registration statement failed to disclose significant issues regarding child safety and care standards [1][3]. Group 1: Lawsuit Details - The lawsuit is filed in the U.S. District Court for the District of Oregon and includes claims under the Securities Act of 1933 on behalf of investors who purchased KinderCare common stock during the IPO [1]. - The class action is titled Gollapalli v. KinderCare Learning Companies, Inc., et al., and asserts that the registration statement was false and/or misleading [1][3]. Group 2: Allegations Against KinderCare - The lawsuit alleges that KinderCare facilities experienced numerous incidents of child abuse, neglect, and harm, which were not disclosed in the IPO registration statement [3]. - It is claimed that KinderCare failed to provide the "highest quality care possible" and did not meet minimum standards in the childcare industry, exposing the company to undisclosed risks of lawsuits and reputational damage [3]. Group 3: Emergence of Issues - Concerns about KinderCare's practices began to surface on April 3, 2025, when a report highlighted failures in child care at its facilities [4]. - Subsequent articles and reports raised questions about the company's compliance with safety standards and the use of federal funding amid allegations of abuse [4]. Group 4: Stock Performance - On August 12, 2025, the price of KinderCare's common stock was reported at $9.81, a significant drop from its IPO price of $24 less than a year prior [5].