Scott+Scott Attorneys at Law LLP Alerts Investors There Is an Ongoing 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 related to child care quality and safety [1][3]. Group 1: Lawsuit Details - The lawsuit is filed in the U.S. District Court for the District of Oregon, asserting 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., Case No. 3:25-cv-01424 (D. Or.) [1]. Group 2: Allegations Against KinderCare - The registration statement for the IPO is alleged to be false and misleading, failing to disclose incidents of child abuse, neglect, and harm at KinderCare 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]. Group 3: Emergence of Issues - The issues began to surface on April 3, 2025, when a report titled "Problems at KinderCare Learning Companies (KLC)" highlighted failures in child care at KinderCare facilities [4]. - Subsequent articles and reports raised concerns about child safety and accountability, including a notable article questioning why babies were testing positive for cocaine at the daycare chain [4]. Group 4: Stock Performance - On August 12, 2025, the price of KinderCare's common stock was $9.81, a significant drop from its IPO price of $24 less than a year prior [5].