Kindercare Learning Companies, Inc.(US:KLC) Prnewswire·2025-10-06 12:45Core Viewpoint - The Gross Law Firm has announced a class action lawsuit on behalf of shareholders of KinderCare Learning Companies, Inc. (NYSE: KLC), alleging that the company made materially false and misleading statements regarding the quality of care provided at its facilities and failed to disclose incidents of child abuse and neglect [1]. Group 1: Allegations and Class Period - The lawsuit pertains to all purchasers of KinderCare common stock during the class period linked to the company's October 2024 initial public offering [1]. - Allegations include that KinderCare did not provide the "highest quality care possible" and failed to meet minimum standards in the child care industry, exposing the company to undisclosed risks of lawsuits and reputational damage [1]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by October 14, 2025, to participate in potential recovery [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [2]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors affected by deceit and illegal business practices, ensuring companies adhere to responsible business practices [3].