NEW YORK, Sept. 25, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds KinderCare Learning Companies, Inc. (“KinderCare” or the “Company”) (NYSE: KLC) investors of the October 14, 2025 to seek lead plaintiff appointment in the class action filed on behalf of investors who acquired KinderCare securities between October 6, 2024 through August 12, 2025 (“the Class Period”).
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What Happened?
In KinderCare’s IPO on October 8, 2024, the Company issued 27 million shares of common stock at $24.00 per share.
According to the complaint, on April 3, 2025, research analyst Edwin Dorsey published a report about KinderCare titled “Problems at KinderCare Learning Companies (KLC)” in a newsletter known as “The Bear Cave” describing alleged instances of health and safety protocol violations and intentional child abuse.
Since the IPO, the price of KinderCare stock has fallen from the $24 per share IPO price to close at $9.81 on August 12, 2025.
What Is The Lawsuit About?
The class action lawsuit alleges that KinderCare’s IPO offering documents contained material misrepresentations about KinderCare’s business by failing to disclose: (i) numerous incidents of child abuse, neglect, and harm had occurred at KinderCare facilities; and (ii) that KinderCare did not provide the “highest quality care possible” at its facilities, and, indeed, in numerous instances had failed to provide even basic care, meet minimum standards in the child care industry, or comply with the laws and regulations governing the care of children.
What Should I Do?
If you purchased or otherwise acquired KinderCare securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the form below, to discuss your rights or interests with respect to these matters without any cost to you.
[CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
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Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1171
https://www.kmllp.com
investigations@kmllp.com
