[KLC] ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of KinderCare Learning Companies, Inc. Investors
August 13, 2025 4:20 PM EDT | Source: Kirby McInerney LLP
New York, New York--(Newsfile Corp. - August 13, 2025) - The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Oregon on behalf of those who acquired KinderCare Learning Companies, Inc. ("KinderCare" or the "Company") (NYSE: KLC) common stock during the period of October 6, 2024 through August 12, 2025 inclusive ("the Class Period"). Investors have until October 14, 2025 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
[LEARN MORE ABOUT THE CLASS ACTION]
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.
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.
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.
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 contact form below, to discuss your rights or interests with respect to these matters without any cost to you.
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.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
https://www.kmllp.com
investigations@kmllp.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262417