Kindercare Learning Companies, Inc.(US:KLC) Prnewswireยท2025-10-14 09:57Core Viewpoint - A securities class action lawsuit has been filed against KinderCare Learning Companies, Inc. alleging misleading statements during its October 2024 IPO, claiming that the company concealed a history of safety and care failures from investors [1][5]. Financial Performance - Since the IPO, KinderCare's stock has significantly declined from an offering price of $24 per share to lows near $9 per share, attributed to the market's realization of the company's unfounded positive statements [3]. Revenue Sources - More than 30% of KinderCare's revenues are derived from federal subsidies, making the alleged omissions regarding safety and care failures particularly significant, as they expose the company to undisclosed legal and regulatory risks [2]. Legal Investigation - Hagens Berman is investigating the claims against KinderCare, focusing on the alleged concealment of safety and care failures that may have led to an artificially inflated IPO price and subsequent investor losses [4][5]. Investor Communication - The firm encourages investors who purchased KLC stock in the IPO and suffered losses to consider their legal options, emphasizing the disconnect between KinderCare's presentation and the alleged reality of its operations [4][5].