NEW YORK, NY - August 30, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against KinderCare Learning Companies, Inc. (“KinderCare Learning” or the “Company”) (NYSE: KLC) on behalf of investors that purchased or otherwise acquired KinderCare Learning securities on or about October 9, 2024 initial public offering (the “IPO or the “Offering”).
If you are an investor in KinderCare Learning and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than October 14, 2025 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
On or around October 9, 2024, KinderCare conducted its Initial Public Offering (“IPO”), selling 24 million shares of common stock priced at $24.00 per share. The Registration Statement for the IPO stated that since the Company first opened its doors in 1969, “[KinderCare’s] commitment to delivering the highest quality care possible for families, . . . has never changed.”
According to the complaint, on April 3, 2025, a report about KinderCare titled “Problems at KinderCare Learning Companies (KLC)” was published in a newsletter known as “The Bear Cave” (the “Bear Cave Report”). The Bear Cave Report summarized the results of its investigation into KinderCare as follows: “Today’s investigation from The Bear Cave finds that KinderCare often fails to deliver the safe and nurturing environment it promises parents and taxpayers. The Bear Cave finds that toddlers escape from the KinderCare daycares onto busy roads, are left alone locked inside KinderCare buildings and buses, and are physically, verbally, and sexually abused, with many cases going unreported until bystanders raise alarm or video evidence circulates. In sum, The Bear Cave believes KinderCare is a broken business that harms the children and families it claims to help.”
On April 3, 2025, the Company responded to the Bear Cave Report by stating, among other things, that “[t]hese were isolated incidents and not reflective of KinderCare’s values and the high standards we set for ourselves.”
The complaint alleges that since the IPO the price of KinderCare stock has fallen to lows near $9 per share – substantially less than half the $24 per share IPO price. Further, the complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose 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.
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If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
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