Kindercare Learning Companies, Inc.(US:KLC) Prnewswireยท2025-10-09 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][2]. Summary by Relevant Sections Allegations - The lawsuit claims that KinderCare failed to disclose numerous incidents of child abuse, neglect, and harm at its facilities [1]. - It is alleged that KinderCare did not provide the "highest quality care possible" and often failed to meet basic care standards and comply with relevant laws and regulations [1]. - As a result of these issues, KinderCare faced undisclosed risks of lawsuits, regulatory actions, negative publicity, reputational damage, and business losses [1]. Class Action Details - The class period for the lawsuit includes all purchasers of KinderCare common stock traceable to the company's October 2024 initial public offering [1]. - Shareholders are encouraged to register for the class action by October 14, 2025, to participate in potential recovery [2]. Firm Background - The Gross Law Firm is recognized nationally for its commitment to protecting investors' rights and ensuring companies adhere to responsible business practices [3]. - The firm aims to recover losses for investors affected by false or misleading statements that led to artificial inflation of stock prices [3].