Core 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., allows investors who purchased shares during the IPO to seek lead plaintiff status by October 13, 2025 [1][5]. - KinderCare raised $648 million by selling over 27 million shares at $24 each during the IPO [2][3]. - Allegations include failure to disclose incidents of child abuse and neglect, and not meeting basic care standards, exposing the company to significant legal and reputational risks [3][4]. Group 2: Stock Performance - Since the IPO, KinderCare's stock price has significantly declined, reaching lows near $9 per share [4]. Group 3: Legal Representation - The plaintiffs are represented by Robbins Geller Rudman & Dowd LLP, a leading law firm in securities fraud litigation, known for securing substantial monetary relief for investors [6].
KLC INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that KinderCare Learning Companies, Inc. Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit